VW is not simply a carmaker. It is a badge of honor woven into the fabric of what it means to be German.
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Volkswagen's own staff and one of its suppliers warned about emissions test cheating years ago, according to German newspapers.
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VW faces some desperate and immediate challenges.
"The Department of Justice is working closely with the EPA in the investigation into these allegations."
Volkswagen announced its next CEO Friday to replace Martin Winterkorn who stepped down in the wake of a growing emissions scandal.
European stocks closed sharply higher on Friday, shaking off the Volkswagen scandal and taking positive sentiment from the Federal Reserve.
Automobile stocks have fallen this week, but one portfolio manager says there are bargains to be found in the group.
Former GM Vice Chairman Bob Lutz tells CNBC he would not know where to start if he were the next CEO of Volkswagen.
Squawk Box Live in Europe had all the news and analysis on the unfolding emissions scandal.
Here are some of the winners and losers of the biggest scandal to hit Volkswagen in its 78-year old history.
For a year, VW officials insisted to U.S. regulators that tests on its diesel cars showing a spike in pollution levels on the road were in error.
Jim Cramer takes the German word ‘schadenfreude’ to its logical conclusion with Volkswagen.
Jim Cramer thinks this market is irrational right now, and stocks are headed lower. The key is patience.
"You now have a passionate constituency that feels betrayed," said Mike Jackson, CEO of Florida-based AutoNation.
Shares of BMW drop sharply on a report that its diesel engines "significantly" exceeded regulatory limits. VW's SEAT also implicated.
More than two years after researchers reported abnormalities in Volkswagen emissions, the automaker is engulfed in a scandal.