diesel cologne VW CEO Martin Winterkorn resigns; lawsuits pile up

Volkswagen faces a growing number of class action lawsuits.

Car owners across the country are lining up to sue the automaker in the wake of the smog scandal. They say their vehicles are now less valuable.

Volkswagen CEO Martin Winterkorn stepped down Wednesday.

He says he was stunned by the scandal and insisted that he personally did nothing wrong.

But experts say the scheme had to have involved large numbers of employees.

A VW board member says he expects even more resignations at the company.

A new CEO could be named as early as Friday.

diesel cologne VW CEO Martin Winterkorn resigns; lawsuits pile up
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