Volkswagen denied a media report that said Chief Executive Martin Winterkorn was to be replaced amid an emissions scandal that has rocked the company.
Automaker denies report about CEO ouster
Europe's biggest automaker could face penalties of up to $18 billion in the United States
"Nonsense," a spokesman at the company's headquarters in Wolfsburg said on Tuesday when asked whether the report by German Tagesspiegel was true.
Europe's biggest automaker could face penalties of up to $18 billion in the United States, as well as class-action lawsuits from buyers and damage to its reputation, with U.S. regulators alleging it misled them for more than a year.
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