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VW could look outside its own ranks for next CEO

Companies have two options when coming up with succession plans – hire within, or go outside its ranks. Either choice comes with advantages and disadvantages, to be sure. Hiring within means generally getting someone familiar with the company and its culture and traditions, while going outside is ideal if you're looking to shake things up and bring in fresh ideas. It's unclear which avenue the Volkswagen Group will go down when it comes time to replace its head man, Herr Professor Doctor Doctor Herr Martin Winterkorn, but he isn't ruling out a trip outside of Wolfsburg. Winterkorn has already given the reins of the VW brand to former BMW board member Herbert Diess, while Andreas Renschler, a former Daimler board member, is heading up VW's truck group. Now, Winterkorn has made some statements to a German weekly that indicate the most important thing about his successor isn't necessarily his (or her, though no women appear to be on the short-list) previous employer, Motoring.com.au is reporting, so much as his qualities as a leader and an engineering background. "A Volkswagen boss has to have a big affinity to our products. He needs to be close to customers and he needs to have a relationship with dealers," Winterkorn told Stern. "Like always, it depends on the personality and it also helps if the candidate is an engineer." Motoring throws out a couple of potential candidates from within, including Porsche boss Mathias Muller, Audi Chairman Rupert Stadler and engineering guru Ulrich Hackenberg, in addition to both Diess and Renschler. And while each candidate has a lot of potential, the only thing that's guaranteed right now is what Winterkorn has already said: "The decision about who will succeed me is not an easy one for the supervisory board."

1971 BMW 2002 is a car designer's car

Choosing what car to buy, drive, and love is a difficult decision for anyone. But when you're a car designer, the decision carries that much more weight. Then again, it may be that much easier when your whole decision comes down to the visceral and the aesthetic. Take Radu Muntean, for example, who's profiled in this episode of Petrolicious. Not to be confused with the film director of the same name (and nationality), this Radu Muntean is a car designer by trade. Since moving from his native Romania and graduating from the Art Center College of Design in Pasadena, Radu went on to work for the likes of Ford, GM, and Tesla. But his pride and joy is a set of wheels he didn't design himself: it's a 1971 BMW 2002. It's a model that BMW made for the long stretch of time in the 1960s and '70s, and enjoys a cult following to this day. And it's not hard to see why. Radu has customized his vintage Bimmer extensively, but rather than glitzing it up, he's boiled it down to its essence. And like a Lancia Fulvia or Alfa Romeo Giulia of the same era, this 2002 is a thing of simple beauty: squared-off design, slap sides, tall greenhouse, and little more. Related Video:

2015 BMW M3 Sedan, M4 Coupe are officially revealed [w/video]

The new 3.0-liter inline-six makes 425 turbocharged horsepower from 5500 rpm all the way up to 7300 rpm.
BMW has announced the 2015 M3 Sedan and M4 Coupe, high-performance versions of the new 3 Series and 4 Series that launched this year. The new Ms have stirred controversy in a variety of ways, but one must remember that the M cars traditionally don't follow a specific mold.