The embattled CEO was "shocked by the events of the past few days" and "stunned that misconduct on such a scale was possible in the Volkswagen Group."
VW had a previous run-in with authorities over vehicles that used so-called "defeat devices" to disable pollution-control systems. NBCNews reports.
The U.S. government will be less accepting of auto industry claims, warns the top federal vehicle safety regulator.
Mike Jackson, leader of the nation's largest auto dealer chain, said Wednesday Volkswagen's U.S. emission deception is "absolutely shocking" and a "systemic failure."
Asian equities slid deeper into the red on Wednesday, after a preliminary reading of the manufacturing sector rekindled worries over China.
Volkswagen's emissions scandal fallout may not limit itself to just the automaker: Germany’s hard-won reputation for trustworthiness is at stake.
"Buy the dip" may not be the best stock market strategy just now, some analysts say.
The CEO of VW's U.S. business used the launch of the new Passat to issue an abject apology, after the automaker was caught rigging emissions tests.
CNBC highlights the good feeling around the German firm as it tackles an investigation that is spreading across the globe.
Volkswagen's emissions scam was enabled by millions in U.S. taxpayer subsidies.
European stocks ended sharply lower on Tuesday, brought down by autos tanking, mining companies being downgraded and oil prices weighing on sentiment.
VW's stock slid 20 percent on news of the latest car recall. But data show the 10 largest recalls barely affected the companies' stock price overall.
Squawk Box Live in Europe had all the developments on the Volkswagen scandal, with more governments looking to probe the automaker.
Asian shares largely advanced on Tuesday, stabilizing from sharp declines in the previous session, after Wall Street ended higher.
European equities bounced back Monday, finishing higher despite an uninspiring lead from Asia and key European stocks tanking.
Volkswagen has told U.S. dealers to halt sales of some 2015 diesel cars after regulators found software it designed for the affected vehicles gave false emissions data.
The VW scandal goes beyond a temporary sales halt.
As part of its "Driven by Disruption" sale in December, RM Sotheby's is selling Joplin's colorfully painted 1965 Porsche 356C Cabriolet.
European equities accelerated gains to close around 1 percent higher on Tuesday, after a choppy day of trade.
A new entrant to the peer-to-peer economy hopes to capitalize on the trend of consumers wanting to rent recreational vehicles.