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VW scandal: The chief executive refuses to quit

  • The chief executive of Volkswagen (VW) has refused to resign despite an escalation of the emissions scandal following the VW's admission that 11 million of its vehicles have been fitted with a device designed to cheat emission tests.

    Martin Winterkorn, chairman of board of director of the world's second largest car marker, said he was "endlessly sorry we betrayed the trust of customers".

    "We are going to clarify the background unsparingly, and everything is being put on the table as quickly, thoroughly and transparently as possible," media reports quoted Winterkorn as saying.

    VW on Tuesday denied that Winterkorn will leave as chief executive this Friday, to be replaced by Matthias Müller, the chairman of its sister company Porsche. (Source: IANS)