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Volkswagen CEO Resigns Amid Cheating-on-Emissions Scandal

As Fox News [1] reported:

Volkswagen CEO Martin Winterkorn stepped down on Wednesday, succumbing to intense pressure after the German automaker admitted to cheating on U.S. emissions tests.

Winterkorn, who led the 78-year-old company since 2007, came under scrutiny following revelations that nearly half a million of Volkswagen’s diesel cars in America skirt clean-air laws. Volkswagen board members reportedly held a meeting early Wednesday, and anticipation was building for a potential shakeup in leadership.