Business & Economy

Volkswagen CEO steps down amid scandal

WOLFSBURG, GERMANY - MARCH 13, 2014:  In this file photo Volkswagen CEO Martin Winterkorn attends the company's annual press conference on March 13, 2014 in Wolfsburg, Germany. Winterkorn announced on September 22, 2015 that he will not step down following the diesel emissions scandal that Volkswagen has admitted could affect up to 11 million VW cars.  (Photo by Sean Gallup/Getty Images)
WOLFSBURG, GERMANY - MARCH 13, 2014: In this file photo Volkswagen CEO Martin Winterkorn attends the company's annual press conference on March 13, 2014 in Wolfsburg, Germany. Winterkorn announced on September 22, 2015 that he will not step down following the diesel emissions scandal that Volkswagen has admitted could affect up to 11 million VW cars. (Photo by Sean Gallup/Getty Images)
Sean Gallup/Getty Images

Volkswagen CEO Martin Winterkorn says he is stepping down "in the interests of the company" as it grapples with the emissions scandal.

Wintekorn said in a statement Wednesday that "Volkswagen needs a fresh start — also in terms of personnel. I am clearing the way for this fresh start with my resignation."

He said he was acting in the interests of the company "even though I am not aware of any wrongdoing on my part."

A successor was not immediately announced.

VW has admitted to using software to get its cars to pass U.S. emissions tests. It is facing the prospect of multiple investigations and lawsuits.