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Volkswagen CEO Martin Winterkorn quits over biggest scandal in its 78-year history

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Winterkorn resigned on Wednesday, taking responsibility for the German carmaker’s rigging of US emissions tests in the biggest scandal in its 78-year history.

Volkswagen Chief Executive Martin Winterkorn resigned on Wednesday, taking responsibility for the German carmaker’s rigging of US 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 way for this fresh start with my resignation,” Winterkorn said, following a marathon meeting with the executive committee of the VW board.

The world’s biggest carmake ..

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http://economictimes.indiatimes.com/articleshow/49079173.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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