Martin Winterkorn, CEO of Volkswagen, stepped down on Wednesday amidst a scandal involving the company’s emission standards. In his public statement, he talked about the necessity of a “fresh start” for the company as they attempt to limit the fallout from this emission manipulating scandal. This could potentially expose the German automobile company to lawsuits and hefty fines. “I’m taken aback by the incidents of the recent days, and it’s shocking that such blatant wrongdoing could occur within the Volkswagen Group,” stated Winterkorn. More information is available at CBS Money Watch.
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Via SmartAsset.com.
