VW chief quits as cheating scandal snowballs

Volkswagen chief executive Martin Winterkorn resigned Wednesday over a pollution cheating scandal that has sparked a US criminal investigation and worldwide legal action with unfathomable financial consequences for the auto giant. Above all, I am stunned that misconduct on such a scale was possible in the Volkswagen Group,"Winterkorn said in a statement issued by the carmaker. "Volkswagen needs a fresh start -- also in terms of personnel.