Volkswagen CEO Resigns

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Volkswagen CEO Martin WinterkornVolkswagen CEO Martin Winterkorn said Wednesday he is resigning after the company’s diesel cars were caught cheating emissions tests. The cars were found to have been programmed to adjust how they run during Environmental Protection Agency tests, violating U.S. regulations.

Road tests revealed diesel emissions were as much as 35 times what the EPA recorded. At least 11 million vehicles may carry the deception software. Read more at CNBC.

{Matzav.com}

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