Volkswagen CEO quits amid emissions cheating scandal

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Embattled Volkswagen chief executive Martin Winterkorn resigned Wednesday, less than a week after an emissions cheating scandal erupted in the U.S. and quickly spread around the world, leaving the German car giant at risk of billions in fines and criminal prosecution. VW acknowledged this week that 11 million of its vehicles worldwide, including nearly 500,000 in the U.S., were involved in a deception that allowed the vehicles to pass emissions tests, even while emitting nitrogen oxide at up to 40 times U.S. federal standards.

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