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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.

Race Recap: 2013 Petit Le Mans draws curtain on the ALMS [spoilers]

The 16th Petit Le Mans Powered By Mazda, in the final year of the American Le Mans Series presented by Tequila Patrón, was run on Saturday. Even though many of this year's championships had already been decided, the last ALMS race ever would be a 10-hour, 1,000-mile slog around Road Atlanta to get names in the record books and decide a few series trophies.
Since some of you will only get around to your TIVOs (or Fox Sports coverage) today, you should stop reading now if you don't want to know who did what...

Porsche bringing electric Pajun concept to Frankfurt?

France's L'Automobile magazine reports that a precursor to the long-rumored and much-discussed Porsche Pajun will come to the Frankfurt Motor Show. The reveal is being characterized as a "'connected' study that could well turn into a series model." Just seeing something at all, however, would be a major step. Pajun palaver has been splattered all over the Internet for more than three years, since back when it was going to come with a V6 to be an ICE challenger to the Audi A6, BMW 5 Series, and Mercedes E-Class. The intervening years have turned the rumormill up to Level: Sasquatch, and still we had no idea when we'd ever see a car that, at one time, was headed for showrooms next year. Then we got a bunch of reports at the end of last year about a swoopy electric sedan, accompanied by patent filings for novel electric and hydrogen fuel cell powerplants. This year, Porsche has been making noise in the US and Europe about EV and connected-car initiatives, and reports blossomed with giggly details concerning the Pajun, like a 300-mile range, potentially 600 horsepower, two electric motors, four-wheel steering, and a topological battery layout with "108 separate battery pouches." A more recent report posits a Tesla Model S-fighting 420 horsepower and a 265-mile range. So we hope L'Automobile is correct, because we can't wait to see the proper, sheetmetal inspiration for whatever the Pajun will be. Related Video: