Volkswagen CEO won't resign amid huge cheating scandal

This story was last updated at 1:25 p.m. ET.

Amidst one of the biggest scandals in his company's history, Volkswagen's CEO says he won't resign, but promises swift action to address it.

In a video statement published Tuesday, Volkswagen CEO Martin Winterkorn said he will not resign and he asks for the support of the public during the recall.

It was recently revealed that Volkswagen cheated on emissions testing with its four-cylinder diesel cars using a complex software algorithm called a "defeat device." The software would detect when the car was undergoing emissions testing and turn on all of the emissions control systems, allowing it to pass the E.P.A.'s tests. In normal driving, the systems would turn off, giving the car greater fuel efficiency and performance while increasing Nitrogen Oxide pollution up to 40 times. Read more...