Volkswagen vows to fix diesels, launch new electric vehicles

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Volkswagen's CEO says the company will launch new electric vehicles and set up a new firm focused on operations like car-sharing as it seeks to get past its scandal over cheating on diesel emissions tests.

Matthias Mueller said Thursday that recalling and fixing those cars "will remain our most important task until the very last vehicle has been put in order."

He said the company would soon form a legally independent company to promote business in mobility services, which can include things like ride-sharing apps and car-sharing.

He also said the company would "make electric cars one of Volkswagen's new hallmarks" with 20 new models by 2020.

He apologized again for the scandal at the company's annual news conference, saying "we disappointed many people who trusted Volkswagen."