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VW has admitted to installing software on Volkswagen and Audi cars with four-cylinder diesel engines that switches on pollution controls when they are being tested.

Standard & Poor’s warned it may cut Volkswagen‘s credit rating over the pollution cheating scandal, as fellow rating agency Fitch did on Wednesday. “Clearly, when you look at his profile, he’s had a very Volkswagen-centric career”, says...

It is not yet clear to what extent the scandal affects other brands in the Volkswagen Group, which has 12 brands in all, including Seat, Audi, Skoda and Porsche.

VOLKSWAGEN cars in Europe have been confirmed to have the same “device defeating” software that has embroiled the company in a global controversy.

Winterkorn, 68, was Volkswagen (VLKAY) CEO for eight years.

Volkswagen’s supervisory board will pick the head of sports-car maker Porsche as its next chief executive to succeed Martin Winterkorn who resigned on Wednesday, a source familiar with the matter told Reuters.

When the scandal broke out, Martin Wintercorn, the CEO of Volkswagen did what anyone in his position would have done in similar circumstances: saying sorry, at first and then buried the head in the sand while hoping it would slowly die down.

Volkswagen chief executive Martin Winterkorn resigned last night after it emerged on Friday that the German vehicle manufacturer had installed “defeat devices” in its diesel models, to mislead officials over the levels of nitrous oxides emitted. The company’s...

“GM and its brands are committed to the robust emissions compliance of all our vehicles”.

“This is a self-made crisis fueled exclusively by (Volkswagen’s) greed and its attempts to try and save a shortsighted nickel”, Hilliard says.

In a recent press release by the manufacturer, it seems that the situation is even worse.

The German vehicle giant’s chief executive Martin Winterkorn resigned following the revelation. Germany’s transport ministry has denied the Green Party’s claims.

Ulrich Hackenberg, chief technology officer of VW’s Audi unit, and Wolfgang Hatz, board member for research and development at VW’s Porsche AG, will lose their jobs over the scandal, two people familiar with the situation said Thursday. At the same time, Matthias...

The broader concern for the German government is that other vehicle makers such as Daimler and BMW could suffer fallout from the Volkswagen disaster.

Volkswagen’s most recent annual report outlines how Winterkorn, its leader since 2007, could theoretically collect two significant payouts.