Martin Winterkorn – the CEO of Volkswagen AG – has stepped down from his position within the group of companies. His decision comes after a lot of scrutiny for the recent scandal that involved cheating on emissions testing here in the U.S. Winterkorn denies any personal wrongdoing involving the scandal, but says Volkswagen needs a fresh start and claims his resignation will make that possible. Potential successors will be discussed at a supervisory meeting later this week, but potential candidates include Matthias Miller from Porsche and Herbert Diess, who recently joined the group after leaving BMW. Sources indicate that VW is taking further actions in addressing the scandal.
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