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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.

Sold-out Bugatti Centodieci honors the under-appreciated EB110

Bugatti traveled to Pebble Beach, California, to introduce a sold-out hypercar named Centodieci. The limited-edition model celebrates the company's 110th birthday (centodieci means one hundred and ten in Italian), while shedding light on a chapter of its history that's often left unexplored. The EB110 was unusually designed and manufactured in Italy, inconveniently far from Bugatti's historic home in Molsheim, but purposely close to Ferrari's Modena headquarters. It comes from the same era as the original Game Boy and R. L. Stine's Goosebumps series, so interpreting its key design cues on a Bugatti penned with an eye on the 2020s was easier said than done. It's shaped like a door stop, its headlights are mounted relatively close together, and its grille is almost comically small. "Those are the ingredients I had to cook something modern with," Achim Anscheidt, the company's head of design, told Autoblog. Blatantly copying the EB110 was out of the question, so his team put a modern spin on its defining features. The Centodieci doesn't need to be shown next to the original; it stands on its own. Pill-shaped lights and a metal panel with slots that give hot air a way to escape the engine bay dominate the EB110's rear end. The Centodieci is a prima donna when it comes to cooling, however, because it packs considerably more power than its spiritual predecessor. Working closely with Bugatti's research and development department, Anscheidt chose to vent the rear end's entire width, and use 3D lighting elements to replicate the cooling slots. This solution works well and channels both the base GT and the more hardcore SS variants of the EB110. Bugatti wrapped the head-turning body around Chiron underpinnings. It's made largely with carbon fiber to keep weight in check, and it's powered by an 8.0-liter W16 engine, quad-turbocharged to 1,600 horsepower at 7,000 rpm, a 100-horsepower increase over the Chiron. Part engine and part work of art, the 16-cylinder sends its power to the four wheels through a seven-speed dual-clutch automatic transmission that can be left in drive, or shifted manually using steering wheel-mounted paddles. To add context, the EB110 used a quad-turbocharged, 3.5-liter V12 rated at 560 horsepower. It featured a six-speed manual transmission, and permanent all-wheel drive. The Centodieci hits 62 mph from a stop before you reach the end of this sentence; it takes 2.4 seconds.

Pininfarina teases its Tesla- and Bugatti-baiting EV supercar

Pininfarina isn't being bashful when it comes to getting into the car business. The Italian design house has revealed a sketch of the PF0 Concept, an electric supercar aimed directly at the world's fastest and most expensive vehicles. With upward of 1,000 horsepower, along with an expected price in the millions of dollars, this extreme EV is meant as a calling card for Pininfarina's upcoming range of electric cars and SUVs. So should the likes of Tesla, Porsche, Ferrari, Bugatti and Lamborghini be worried? Pininfarina might be new to building its own cars, but the company has many decades of experience designing and engineering some of the most desirable cars of all time — including many of the finest supercars to have worn a Ferrari badge on their nose. As we reported earlier this year, Pininfarina has teamed with Indian auto manufacturer, Mahindra, to develop a range of high-end EVs. With this roughly $500 million investment, not to mention some engineering help from Croatian supercar manufacturer, Rimac, Pininfarina aims to start high. The company will first introduce a hypercar, based on the PF0 Concept, within two years, then bring along a range of more affordable electric cars and SUVs. These will more directly take on the likes of Porsche Cayenne, Lamborghini Urus, and Tesla Model X. So yes, if you're in the business of building expensive cars, especially ones with a lot of batteries positioned inside them, Pininfarina's plans for the PF0 (that's a zero, not the letter "O," by the way) should make you sit up and take notice. "Automobili Pininfarina is a pioneering new business created to service the most discerning clients in the world," said Michael Perschke, CEO for Automobili Pininfarina. "Our product portfolio will launch with an innovative, zero-emissions hypercar that represents the progression we aim to make at the pinnacle of the luxury and sports car market." According to its press release, Pininfarina is currently presenting its "business and product plans to prospective retailer partners, clients and media in New York this week." After its tour of the Big Apple, look for Pininfarina to officially reveal the PF0 Concept during Monterey Car Week in August. Related Video: Design/Style Green Bugatti Lamborghini Porsche Tesla Electric Future Vehicles Luxury Performance Pebble Beach supercar mahindra hypercar Rimac