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Matthias Muller officially named VW Group CEO

While the vast number of rumors made it seem like a foregone conclusion, Porsche boss Matthias Muller has officially been named Volkswagen Group CEO to replace the recently resigned Martin Winterkorn. His contract runs through the end of February 2020, and until a replacement is found, Muller also gets to hang onto his old job as chairman of Porsche. At the same time, the VW Group Supervisory Board is announcing a massive structural reorganization across the entire company, with the new management model in place by the beginning of 2016. Contrary to previous rumors, Michael Horn remains as President and CEO of VW Group of America. The board wants a greater emphasis on brands and regions going forward, and the scale of this shift can be seen in the US. On November 1, VW Group business in the US, Mexico, and Canada is being combined under the leadership of current Skoda chairman Winfried Vahland. However contrary to previous rumors, Michael Horn remains as President and CEO of VW Group of America. Other brands are also seeing some significant changes mechanically. Porsche, Bentley, and Bugatti now fall under the Group's "sportscar and mid-engine toolkit." This means that the brands will start sharing standardized technical parts. A Chief Technical Officer across all of the company's brands will also start working toward future innovations. The new brand-centric view means the end of a group-wide production department. "Going forward, the brands and regions will also have greater independence with regard to production. So it follows that they should also hold the responsibility for these activities," Berthold Huber, interim Chairman of the Supervisory Board, said in the announcement. In a statement with the press release about his promotion, Muller promised to turn the company around after such an international crisis. He said: "My most urgent task is to win back trust for the Volkswagen Group – by leaving no stone unturned and with maximum transparency, as well as drawing the right conclusions from the current situation. Under my leadership, Volkswagen will do everything it can to develop and implement the most stringent compliance and governance standards in our industry." Matthias Muller appointed CEO of the Volkswagen Group Muller remains Chairman of Porsche AG until a successor has been found Matthias Muller (62) has been appointed CEO of Volkswagen AG with immediate effect.

$2.4 Million Supercar Vandalized In Seattle

There are no shortage of phallus jokes one can make about a car and its owners, but no amount of jesting makes spray painting an actual penis on a car okay. That's triply true when the car in question is the Bugatti Veyron. This poor Veyron was spotted on the streets of Seattle, and while our outrage was initially piqued, it later emerged via Instagram that the owner of this spray-painted Bugatti actually allowed this to happen. We aren't fully sure what possessed the owner of the multi-million hypercar to allow this sort of thing, but we're guessing he or she can afford it. Scroll down for a different angle of this poor Veyron's new paint job. Loading View on Instagram

Bugatti reveal for Monterey rumored to be inspired by EB 110 SS

In June, The Supercar Blog heard that Bugatti had a special edition planned for reveal during Monterey Car Week. At the time there were zero details on what we might be in for; the only iota of news was that part of the production run had already been sold. TSB just picked up on this Instagram post from June 4 by Girardo & Co, a classic-car sales company, that could point to the answer:           View this post on Instagram                   It is rumoured that Bugatti will be presenting a new car at Pebble Beach this year that is inspired from the original EB110SS, 10 cars to be built, with a price tag of Euro 8 million. No matter how fast the latest and greatest is, we still love the the spec of Artioli’s Bugatti EB110SS - 3.5 litre V12 complete with four turboÂ’s. The car we have for sale is the very last one built and has less than 6,000kms from new. Question is, which would you have? . . . #bugatti #bugattieb110 #bugattieb110ss #available #girardoandco A post shared by Girardo & Co. Ltd (@girardoandco) on Jun 4, 2019 at 12:16am PDT This is a touch self-serving on Girardo's part, seeing that the company is selling a Bugatti EB 110 SS — and has been since at least March of this year, when we wrote about it. However, that doesn't mean the suggestion isn't true. For those who don't know, Italian businessman Roman Artioli bought the Bugatti brand in 1987. The only product to leave the company's Campogalliano factory was the EB 110 in the early 1990s, an alien-looking coupe powered by a quad-turbocharged, 3.5-liter V12 putting out 553 horsepower and 456 pound-feet of torque. The even rarer EB 110 SS juiced proceedings up to 603 hp and 479 lb-ft. On a side note, if Girardo & Co really does have the last one built, it would be an improved version engineered by German firm Dauer, one of only five made. Circumstantial evidence lends credence to Bugatti interest in the EB 110. Road & Track writes that Artioli visited the carmaker's Molsheim headquarters this year, marking the first visit by the Italian to his former charge. Then, last week, Bugatti released a paean to the EB 110 and Artioli, applauding the coupe as "The first modern super sports car," and praising the man with, "Because of his initiative and thanks to his efforts, Bugatti has been revived in the modern age." Bugatti has verified something new for Monterey.