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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.

5 unused, unregistered Bentley Mulsanne Grand Limousines for sale

It's not unheard of for a car with extremely low miles to appear for sale years after it was built. In some unusual cases, they might not even be registered. But what's truly bizarre is for a whole group of five cars reappearing for sale having never been registered. And even more so when they're five unique examples of the Bentley Mulsanne Grand Limousine, a car that had to be specially ordered from the company. And yet, that's exactly what Bentley Emirates is offering. Bentley the company has said that the five stretched Mulsannes were delivered, but never used or registered. It's not completely clear whether they were ordered by one person, five individuals, or maybe even the dealer. We've reached out for details and will update when we have clarification. No matter what, it's unfathomable that such cars would be ordered and never used. Though pricing was never announced, they can't have been cheap. Can you imagine dropping hundreds of thousands of dollars on something and never using that thing? Anyway, here's a quick refresher on the Mulsanne Grand Limousine. Bentley said the first cars were built in 2015, and the model made its public debut at the 2016 Geneva Motor Show. Obviously, the most distinct part of the car was its length, just over three feet greater than a standard Mulsanne, itself a large machine. Overall height also increased by three inches. This made room for an additional set of rear-facing seats behind the fronts. The divider behind the front seats has electrochromic glass to provide privacy. A bottle cooler, champagne flutes, a soft-drink cabinet and tumblers are all included, and there are fold-out tables on which to rest said glasses. One of the five cars is pictured above in the same Silver Frost over Moroccan Blue paint scheme as the Geneva show car. The other four each have their own color schemes: Damson over Black Crystal, Onyx over Candy Red, Rubino Red over Light Gazelle and a single-tone Black Sapphire. So you have options. Pricing for these cars hasn't been announced. But you surely can't afford one if you have to ask. Also, while the cars are for sale in the United Arab Emirates, the dealer will ship to anywhere in the world. Related Video:

King Charles' electric I-Pace goes to auction next month

Never mind the Bentley State Limousines, the Aston Martin DB6 Volante that Queen Elizabeth II bought him on his 21st birthday, or the Rolls-Royce Phantom VI valued at more than $600,000. The car of the moment, if we’re talking about the garage of King Charles III of England, is a far more ordinary — and all-electric — Jaguar I-Pace purchased in 2018 by His Majesty “for his personal use." The royal Jag is set to be auctioned off March 2 at the famed Ascot Racecourse; estimated selling price is as high as $88,000. If you miss out on the auction of a president's former ride, here's one from a king. The SUV, notable as the first all-electric vehicle to be embraced by the royal family, is the range-topping I-Pace EV400 HSE all-wheel-drive luxury five-seater that the king — prince of Wales at the time — bought in September 2018 for $75,000. According to the auction site, the Jag was "purchased with his own money." Charles had Jaguar install a fast charger at Clarence House, his residence. The vehicle was returned to a Jaguar dealership after two years — itÂ’s not clear if it had been leased — with only 3,000 miles on the clock. Subsequently, the SUV was sold to one Karen French of Oxfordshire. She said in a statement offered by Historics Auctioneers, “This I-Pace was exactly what I was looking for and pretty much on my doorstep. It was only when I agreed to buy it that I discovered its extraordinary history — I was absolutely thrilled. Having driven it over 30,000 miles,” she added, ”I decided in the New Year that it was time for a change.” Noted by the auctioneers in typical British understatement, the high-specification car was uniquely finished in Loire Blue and remains the only I-Pace “to be painted in this colour, whilst those inside the car enjoyed a sumptuous, contrasting leather interior in, fittingly, Light Oyster Windsor.” A revised Jaguar I-Pace is scheduled to arrive next year. Regarding the KingÂ’s affection for automobiles — British automobiles — he reportedly overseas a fleet worth more than $17 million. And while heÂ’s fond of driving conventional vehicles, he told the BBC some years ago that “my old Aston Martin, which I've had for 51 years, runs on — can you believe this — surplus English white wine, and whey from the cheese process.” Essentially the classic had been converted to run on E85 bio-ethanol. "The engineers at Aston said, 'Oh, it'll ruin the whole thing,'" Charles shared with The Telegraph in 2018.