VW

CEO Resigns as VW Scandal Could Cost up to $30B

CEO Martin Winterkorn just stepped down as CEO of VW Group after the company admitted that for the last 6 years they had installed sensor “defeat device” software to reduce emissions readings by up to 98 percent in 500,000 diesel-powered cars sold in the United States.

VW-AFP_Getty

Volkswagen Boss Quits Over Diesel Scandal: U.S. Plans Criminal Probe

Volkswagen CEO Martin Winterkorn resigned on Wednesday, taking responsibility for the German carmaker’s rigging of U.S. emissions tests in the biggest scandal in its 78-year history. “Volkswagen needs a fresh start – also in terms of personnel. I am clearing

The Associated Press