Advertisement

AUTOS

Share via
From Times Staff and Wire Reports

Former GM Executive Agrees to Pay Fine: Jose Ignacio Lopez de Arriortua will pay $40,000 in return for an official end to a perjury probe, prosecutors said. Lopez, who now works at Volkswagen, allegedly betrayed General Motors Corp. secrets to the German auto maker. The deal does not affect the industrial espionage investigation in Germany and the United States against Lopez, who defected from GM to Volkswagen a year ago. But during several months of legal hearings in the case, it is the first time Lopez has been penalized. The Hamburg prosecutor’s office said it informed him the perjury investigation would be abandoned if he donated the money to a children’s charity.

Advertisement