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Volkswagen shake up begins amid scandal

Squawk Box Live had all the news and analysis on Volkswagen with its CEO Martin Winterkorn resigning Wednesday following the emissions scandal.

A senior VW source has told CNBC that more people are likely to follow the CEO out the door. The top two potential candidates for the head role include Herbert Diess, who recently joined from BMW and Matthias Müeller, CEO of Porsche.

Here's how the morning unfolded.

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