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Jacob & Co. Bugatti Chiron Tourbillon puts a mini W16 engine in motion inside a watch

In early 2019, Bugatti ended its 15-year watch partnership with Swiss watchmaker Parmigiani Fleurier and inaugurated a new collaboration with New York watchmaker and jeweler Jacob & Co. — the latter firm once known for helping define the bling-bling era in American music. When announcing the new tie-up at the global timepiece showcase Baselworld in March last year, Jacob debuted two new limited-edition watches, both based on extant Jacob models. The $545,000 Twin Turbo Furious Bugatti Edition reworked the watchmaker's Twin Turbo Furious timepiece, and the $37,000 Bugatti Chrono Edition Limitee 100 Ans celebrated Bugatti's 110th anniversary and was based off Jacob's Epic X Chrono. Yet, as the partnership promised to push "the limits of what seems mechanically possible," a new and incredible watch would be needed, so Jacob spent a year developing this, the Bugatti Chiron Tourbillon. Behind its sapphire crystal there's an automaton suspended inside the case mimicking the movement of the Chiron's W16 engine.               View this post on Instagram                   [Sound On] Capturing the #Chiron. Ever since the first automobiles competed for the fastest laps and times, watches and cars have been inexorably linked. Car aficionados love watches, reveling in the mechanical precision, beauty, and performance of both. But watches could never capture the feel, energy, and power of a high-performance car engine.? ?? That is... until today. Introducing the new Bugatti Chiron 16 Cylinder Tourbillon from @jacobandco. #jacobandcochiron? .? .? .? .? .? .? .? .? #jacobandco #jacobandcowatches #hautehorlogerie #hautehorology #inspiredbytheimpossible #bugatti #bugattichiron A post shared by Jacob & Co. (@jacobandco) on Apr 8, 2020 at 7:59am PDT The animated engine serves no timekeeping purpose, it's there for show — and it's quite the show. Pressing the pusher crown at the base of the case sets the engine in motion for about 20 seconds; a stainless steel crankshaft milled from a single ingot pushes stainless con-rods and pistons inside a sapphire crystal block, and two spinning turbochargers can be viewed through a window on the side of the case. After three runs, the engine's barrel needs to be recharged by turning the center crown counterclockwise, then it's ready for another three goes.

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.

Jay Kay's 1955 Maserati A6G/54 on the docket for Pebble Beach

Gooding & Company has revealed the highlights of its consignments for its Pebble Beach auction during the action-packed Monterey weekend. At the top of the list is the classic 1955 Maserati A6G/54 Frua Berlinetta currently owned by Jamiroquai frontman Jay Kay. This Maserati, the show car from the 1955 Paris Auto Salon, features Frau coachwork, won Best in Show at the Salon Privé, and is expected to fetch between $1.5 and 2 million.
No less prestigious is the 1938 Bugatti Type 57C Stelvio convertible that belonged to Prince Louis Napoleon of France, grandson of Emperor Napoleon I and noted Bugatti collector of the time. Supercharged from the factory, the stunning two-tone droptop is projected to sell for $1.3 to 1.6 million.
Finally, an original 1966 Shelby 427 Cobra is on the docket, with pre-sale estimates at $750,000 - $950,000. See below for the full press release and watch this space as the classic car world gears up for Pebble Beach.