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Volkswagen CEO Martin Winterkorn resigned Wednesday after revelations the automaker installed software in many of its diesel cars designed to cheat on emissions tests.
His resignation was announced at a press conference at VW headquarters in Wolfsburg, Germany.
The company's shares have tanked since U.S. federal environmental officials announced on Friday they had discovered a “defeat device” in 2009–2015 model Volkswagen and Audi diesel cars that uses sophisticated software to turn on full emissions controls only during official lab tests.
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SOURCE: BuzzFeed
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