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Volkswagen Vows to Get to Bottom of Scandal as Probe Widens

  • Automaker sets aside $7.3 billion in initial tally of costs
  • U.S. safety regulator says entire industry under scrutiny
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VW CEO Martin Winterkorn Appears Not to Resign

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Volkswagen AG Chief Executive Officer Martin Winterkorn vowed to get to the bottom of the scandal shaking the German carmaker and promised to do everything possible to prevent such an incident from happening again as the probe into VW’s diesel manipulations expanded around the globe.

“At this point, I don’t have the answers to all the questions,” Winterkorn said in a video posted on the automaker’s website. “But we’re in the process of ruthlessly investigating the issue, and to that end everything will be put on the table as fast, thoroughly and transparently as possible.”