Volkswagen is due to announce major management changes Friday as the German automaker deals with an emissions scandal that has rocked its share price and seen CEO Martin Winterkorn resign.
The company is set to name the people responsible for the scandal and more executives are expected to leave. It is also set to name a new chief executive with Porsche's Matthias Mueller the current front-runner.
Squawk Box Live had all the news and analysis. Here's how the morning unfolded.