Volkswagen’s CEO Resigns from Leadership Position

Volkswagen's CEO Resigns from Leadership Position

Martin Winterkorn, the CEO of Volkswagen, resigned on Wednesday due to a scandal involving the company’s emission standards. He mentioned that the company needs a “fresh start” to manage the consequences of this issue, which might lead to lawsuits and significant fines for the German automaker. Winterkorn expressed his surprise and shock over the recent events and the serious misconduct within Volkswagen.