New Volkswagen CEO Says Emissions Scandal Could Signal the End of the Company

USA Today is reporting that Volkswagen’s new CEO, Hans Dieter Poetsch, admits how the Volkswagen emissions scandal could cripple the world’s largest automaker to the point that it is forced to shut down. Poetsch warned managers how the automaker’s diesel-emission scandal poses “an existence-threatening crisis for the company” as new details emerged about how the debacle unfolded. The New York …

ALERT: Volkswagen Says 11 Million Cars Worldwide Are Affected in Emissions Scandal

The world’s largest carmaker is in trouble. The German carmaker now admits that 11 million of its diesel cars were equipped with software that was used to circumvent emissions tests. Previously, Volkswagen had said that the problem only affected 500,000 vehicles in the US. The Environmental Protection Agency (EPA) has stated that it will ask the company to recall 500,000 …