The embattled CEO of Europe's biggest carmaker Volkswagen, Martin Winterkorn, says he will not step down and apologizes for the diesel emission scandal. Rough Cut (no reporter narration).
ROUGH CUT (NO REPORTER NARRATION) STORY: Volkswagen Chief Executive Martin Winterkorn on Tuesday (September 22) apologized again for the carmaker's cheating of diesel emission rules in the United States and pledged full cooperation with authorities involved. "I am endlessly sorry that we betrayed the trust" of millions of people, Winterkorn said in a video statement posted on VW's website. "Swift and comprehensive clarification has now the utmost priority," the CEO said. "To make it very clear: manipulation at VW must never happen again." VW shares traded at Frankfurt stock exchanged closed down 19.8 percent at 106,00 euros as Volkswagen has lost roughly a third of its market value.