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Volkswagen reportedly to name Matthias Muller CEO

Porsche chief executive officer Matthias Muller is expected to be named CEO of Volkswagen AG, the Wall Street Journal and other sources reported Thursday morning. Muller, 62, has led Porsche since Oct. 1, 2010, and jumpstarted the sports-car brand's expansion around the world. He replaces Martin Winkerkorn, who stepped down Wednesday amid the company's worsening diesel scandal. At least three more executives are also expected to be fired, including Volkswagen's US chief and the heads of Audi and Porsche research and development. Both brands are divisions of VW. A US spokesman wouldn't confirm the reports. An official announcement is expected at VW's board meeting on Friday. Muller's ascension caps a stunning week of turmoil for Volkswagen, which manipulated software to make its diesel-powered vehicles appear cleaner during testing that they are in real-world driving. The charges were revealed last week by the EPA, which cited the work of researchers at West Virginia University. About 482,000 vehicles are affected in the United States, which will be subject to recall, and VW estimates about 11 million of its vehicles around the world have the rigged software. The well-regarded Muller was viewed as a front-runner for the job even before Winterkorn stepped down. Before helming Porsche, he oversaw all vehicle projects globally for VW from 2007-2010. Previously, he was in charge of the Audi and Lamborghini product lines, and earlier in his career was responsible for the Audi A3 program in the 1990s. He joined Audi in 1977. He's trained as a toolmaker and studied information technology in Munich. His last name is sometimes spelled Mueller in English. Muller faces immediate challenges as he takes over VW's sprawling 78-year-old industrial empire, including recalls and regulatory actions around the world. In the US alone, the company faces a fine of up to $18 billion. VW, an industrial symbol of Germany, is also far larger than any unit Muller has run in his career. While Porsche sold 189,849 vehicles in 2014 globally, it's one of many VW brands. Collectively they sold 5.04 million vehicles through the first six months of this year, making Volkswagen the world's largest automaker. Related Video:

Toyota, Lexus dominate KBB's Best Resale Value Awards

Toyota and Lexus stormed the 2014 Kelley Blue Book Best Resale Value Awards, winning a combined 18 categories including best brand and best luxury brand. This marks the third year in a row that both automakers have won the Brand and Luxury Brand resale value awards. In all, Toyota won 11 categories and Lexus won seven.
Honda made a good showing, as well, winning two segments (Accord Plug-In Hybrid and Civic Si) and putting one car on the top-10 Best Resale Value list (CR-V). Chevrolet did even better, winning two segments (with the V6 Camaro and the Corvette) and placing three cars on the top-10-overall list (again, the Camaro and Corvette, plus the Silverado 1500).
The other winners came from Jeep, Dodge, Infiniti, Subaru and Audi. To give you a clearer picture of the Toyota and Lexus domination, their 18 mentions represents more than half of the 34 awards (including the top-10-overall list).

Audi AI: an important step forward in autonomy

Those who have visions of reading a book or watching a movie while sitting in traffic, as you might do on an airplane, are closer than ever to reaching their own version of automotive nirvana. We're still not there, but Audi's latest A8 brings us right up to the precipice of actual autonomy that you can program to self-park in your garage. Audi says its new A8 will be the first vehicle to deliver Level 3 autonomy. That means the driver can take his or her hands off the steering wheel and stop paying attention, at least when a specific set of circumstances are met. First, Audi's AI traffic jam pilot only works at speeds of up to 37.3 miles per hour. In other words, it's meant for those times where you're sitting in traffic. Audi believes that the first commercially available self-driving applications will be relied on for circumstances when a driver's time is better spent elsewhere, like when you're in bumper-to-bumper traffic on the freeway. Second, that freeway has to be a divided highway with a physical barrier from oncoming vehicles. A large swath of grass would work, as would a concrete wall. The new A8 uses radar, a front camera, ultrasonic sensors, and a laser scanner – the first in a production vehicle – to scan its surroundings. These various images are compiled by a central driver assistance controller that Audi calls zFAS. We'd have gone with Zaphod Beeblebrox, but nobody asked. Third, Audi needs the approval and cooperation of the various governments and authorities in which it sells the A8. "The statutory framework will need to be clarified in each individual market, along with the country-specific definition of the application and testing of the system," says Audi. Where does that leave the US? Audi isn't yet sure, but discussions are apparently under way. We're not exactly holding our breath. If all of those key circumstances are met, Audi's artificial intelligence system can be activated using the AI button on the center console. Audi will accept all legal responsibility when the car is driving itself. Starting, steering, acceleration, and braking are all taken over by the car, and the driver is free to perform other tasks. Theoretically, at least, because nobody outside of Audi has actually given the AI tech a spin. "As soon as the system reaches its limits," says Audi, it will hand driving duties back off to the driver.