By on September 22, 2015

porsche-ceo-matthias-muller

After Volkswagen admitted to gaming emissions tests with software containing a “defeat device”, German publication Der Tagesspiegel (via Jalopnik) is reporting that Volkswagen CEO Martin Winterkorn will be replaced at the end of the week by Porsche CEO Matthias Müller.

The German outlet — the name of which translates to “The Daily Mirror” — reportedly gained the information from “supervisory circles”.

Volkswagen has not yet confirmed the rumor.

Update 1: Reuters is reporting that a Volkswagen spokesman described the report as “ridiculous.” A spokesman for Porsche said Müller is at a Volkswagen board meeting today in Wolfsburg.

(Read More…)

By on June 15, 2015

Audi RS 3 Sportback

Volkswagen Group is reorganizing itself into a decentralized organization with four holding companies to better handle high production costs.

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