Volkswagen's emissions scandal ballooned Tuesday as the company admitted that software designed to fool regulators affects 11 million vehicles worldwide and could cost more than $7 billion to address, threatening to undermine its new position as the world's largest automaker.
The automaker's deception immediately qualifies as one of the most expensive automotive scandals in recent memory and could jeopardize CEO Martin Winterkorn's job as his contract comes up for renewal.
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