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VW Says Top US Executive Stepping Down Immediately

Volkswagen AG said on Wednesday its top U.S. executive is stepping down nearly six months after the German automaker admitted to installing software to allow 580,000 diesel U.S. vehicles to emit excess emissions. Michael Horn, who has been president and chief executive officer of Volkswagen of America since 2014, is leaving "to pursue other opportunities effective immediately," the company said. The German automaker said on an interim basis, Hinrich J. Woebcken, who was...

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