“This scandal has grown to such epic proportions that it was basically impossible for him to continue” says CNBC’s Phil LeBeau
The german carmaker admitted it installed software in its diesel-fuel models that allowed them to cheat on air pollution emissions tests.
All the while claiming they were selling an environmentally friendly car.
Tyson Slocum of the Public Citizen says the automaker lied to the car buying public.
“Volkswagen marketed this car as a high-performance, super-clean, and environment friendly vehicle. They lied to consumers.” says Slocum
In a statement, Martin Winterkorn said “as CEO I accept responsibility for the irregularities that have been found. I am doing this in the interests of the company even though I am not aware of any wrong doing on my part”
CNBC’s Phil LeBeau says Winterkorn’s quitting is just the beginning.
“many executives in germany and perhaps around the world leaving on their own or being asked to leave” says LeBeau
Although, resignation won’t necessarily protect any Volkswagen executive from possible criminal charges.