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Volkswagen shares rebound after CEO quits over emissions scandal

2015-09-24 21 Dailymotion

Battered shares of the scandal-hit German carmaker Volkswagen have continued to rebound following the resignation of the firm’s Chief Executive Martin Winterkorn <br /><br /> Volkswagen’s stock had slumped some 30 percent in recent days <br />after the firm admitted deceiving US regulators about how much its diesel cars pollute.<br /><br /> Winterkorn stepped down on Wednesday, saying he was quitting “in the interests of the company even though I am not aware of any wrongdoing on my part”.<br /><br /> His departure saw Volkswagen shares close up more than 5 percent on Wednesday. They have continued to move in the right direction today, with a 6 percent bounce.<br /><br /> But the firm faces a huge task to restore investor and consumer confidence amid the growing emissions scandal. <br /><br /> Unsure what happened at #Volkswagen? We explain its emissions scandal http://t.co/XckrDBVulU pic.twitter.com/OsTbHYwEmy— Bloomberg Business (@business) 24 Septembre 2015

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