Europe

Volkswagen to cut managers' bonuses following diesel scandal

FILE - In this Sept. 26, 2015 file photo a giant logo of the German car manufacturer Volkswagen is pictured on top of a company's factory building in Wolfsburg, Germany. Volkswagen says its managers' bonuses will be cut following the automaker's diesel emissions scandal. The automaker said in a statement Wednesday April 13, 2016  managers and directors agree that the company has to send a signal regarding the management board's pay in light of the current situation.  (AP Photo/Michael Sohn, file)

FILE - In this Sept. 26, 2015 file photo a giant logo of the German car manufacturer Volkswagen is pictured on top of a company's factory building in Wolfsburg, Germany. Volkswagen says its managers' bonuses will be cut following the automaker's diesel emissions scandal. The automaker said in a statement Wednesday April 13, 2016 managers and directors agree that the company has to send a signal regarding the management board's pay in light of the current situation. (AP Photo/Michael Sohn, file)  (The Associated Press)

Volkswagen says its managers' bonuses will be cut following the automaker's diesel emissions scandal.

The automaker said in a statement Wednesday managers and directors agree that the company has to send a signal regarding the management board's pay in light of the current situation.

It says that various models are being discussed but the result would be a significant reduction in variable pay. It didn't give any precise figure.

The company says details will be released in its annual report being published on April 28.

The emissions-rigging scandal erupted in September.