25
Sep
2015
Disgraced Volkswagen CEO Could Leave Company With $67 Million
A job well done? On Wednesday, Volkswagen CEO Martin Winterkorn resigned after it was revealed that Volkswagen had been engaging in a large scale program to cheat on pollution emissions tests. The discovery led to a recall order for 11 million cars and triggered investigations by the Environmental Protection Agency
22
Sep
2015
Volkswagen Emission Scandal May Lead To Industry-Wide Probe
German automaker Volkswagen has now admitted to installing software in its vehicles to cheat US pollution admission tests and has claimed that 11 million of its cars worldwide contain the software. The company announced it would set aside $7.3 billion to pay the costs of fixing the cars so they can actually pass an emissions test.