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The controversy is centred on “defeat devices” VW used to fool USA emissions tests on diesel cars into believing the vehicles met environmental standards.

Last week, the EPA accused the German automaker of using a “defeat device”, an algorithm that detects when the vehicle is being tested by the EPA and changes its performance to meet emissions standards.

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...

Sen. Bill Nelson, D-Fla., is frustrated that regulatory agencies such as the EPA are failing to protect the public. And just as VW ground to a halt, reports emerged that Apple is moving ahead with a bid to bring a vehicle of its own to market by 2019.

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

Volkswagen has said 11 million of its diesel cars around the world could be implicated after the U.S. Environmental Protection Agency revealed VW had been using software to mask pollutants.

Automotive manufacturer Volkswagen is issuing millions of recalls after it was discovered diesel engines in some models of the German cars contain a software created to deceive emissions testers.

The scandal broke last week, following a report from the US Environmental Protection Agency. It said “the BMW Group does not manipulate or rig any emissions tests”.

German-based auto manufacturer Volkswagen has skirted these regulations in its recent vehicles, and the U.S. Environmental Protection Agency has ordered the company to make the cars more eco-friendly. “It was really happenstance that this was ultimately uncovered”.

The UK’s Society of Motor Manufacturers and Traders insisted there was no evidence manufacturers in the United Kingdom attempt to mislead emission testers.

Volkswagen, the largest carmaker in the world, is accused by regulators of using illegal “defeat device” software that causes 482,000 of its diesel cars in the U.S.to cheat on emissions standards tests.

The WVU engineer set out to compare the emissions of diesel cars from the US and Europe.

“I am clearing the way for this fresh start with my resignation”.

The Dow is down 1,492.60 points, or 8.4 per cent.