Volkswagen CEO Martin Winterkorn Resigns Over Emissions Scandal

The Wall Street Journal reports that Volkswagen AG Chief Executive Martin Winterkorn resigned under pressure after the company admitted it cheated on U.S. emissions tests sparked massive losses of its market value and left it facing prosecution and potentially billions in fines. Winterkorn said he accepted responsibility for the irregularities but wasn’t aware of any wrongdoing on his part.

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