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VW CFO Hans Dieter Potsch nominated as new board chairman

The search for a successor to Ferdinand Piech has come to an end as the Volkswagen Group has nominated a new chairman. The Executive and Nomination committees of VW's Supervisory Board have put their weight behind one Hans Dieter Potsch, who currently serves on the company's management board as its chief financial officer. He's expected to continue in his current role until November when an extraordinary general meeting of the supervisory board can be called to confirm his nomination and a replacement CFO can be found to take his place. As you may recall, the chairmanship of the Volkswagen board fell until recently to Ferdinand Piech, grandson of Ferdinand Porsche and one of the principals of the Porsche family that holds over 50 percent ownership in Volkswagen through Porsche Automobil Holding SE. Piech went head to head with VW CEO Martin Winterkorn and ultimately lost. Piech resigned and Winterkorn is about to have his term as chief executive extended through the end of 2018. In Piech's place, former union head Berthold Huber was named as interim chairman, but is now referred to in the statement below once again as deputy chairman instead. An Austrian native, Potsch is an industrial engineer by training. He started his career at BMW where he ultimately served as group controller, and subsequently served as CFO and as chairman at a number of German corporations. Potsch joined the VW management board in 2003, initially without portfolio, and soon assumed the financial portfolio – a role he has held until now. In 2009 he took on the additional role of chief financial officer at the Porsche holding company, whose supervisory board representatives are the parties proposing Potsch's nomination as the group's new chairman – even though he is not, strictly speaking, one of their own. In a related development, it appears that Julia Kuhn-Piech will be leaving her board seat sooner than expected. The departing chairman Ferdinand Piech opposed his niece's nomination to the board in his place, and now she'll apparently be stepping down to make way for the family's new choice of chairman.

2016 Porsche Cayman GT4 First Drive [w/video]

The 2016 Cayman GT4 is the sort of Porsche that purists fear would eclipse the rear-engined 911. The balance inherent in the mid-engined layout of the rigid Cayman chassis meant that it was only the right combination of horsepower and suspension away from whupping a comparable Carrera. Porsche has been very careful to keep this Cayman from doing that, despite the GT4's improvements. If you think this means the GT4 has been hobbled or hamstrung, it hasn't. Even a sopping wet track at Road Atlanta in Georgia couldn't keep us from crowning it the brash, arrogant upstart prince of the track-toy Porsches. The company got a lot right with this ultimate Cayman. To begin with, it absolutely looks the part it's supposed to play. Our tester wears searing Racing Yellow paint, that large wing looming over the rear lid is standard, and rolling stock comprises huge 20-inch wheels wrapped in Michelin Pilot Sport Cup 2 rubber. The front fascia is altered for both airflow to the radiators and downforce, standard fare for a hot track-ready version. What's unusual is that instead of complicating the look with tacked-on contrivances (ahem, like the GTS's grille insert-within-an-insert), it's simpler, subtler, and more purposeful. Between that front splitter and the wing, expect about 220 pounds of downforce at the GT4's 183 miles per hour top clip. Ergonomically, even with these fixed-back sport bucket seats, this car is nigh-perfect. Out back, things are more complicated but no less coherent. The lip spoiler that spans the trans-tailight area grows into a little ducktail, literally overshadowed by the larger rear wing. Rear diffusers are a requisite in this class, so one is present and functional. Optimized side intakes just aft of the doors cram more air into the engine, and gain a little embossed "GT4" script. Ergonomically, even with these fixed-back sport bucket seats, this car is nigh-perfect. The slightly smaller steering wheel, perfectly sized for the application, and the smooth, precise shift action make wrangling the major inputs like an extension of your own limbs. If you want to be cynical, go ahead and call the GT4 a parts-bin car. The 3.8-liter flat-six is cribbed from the 911 Carrera S, and the front suspension, steering system, and rear brakes from the 911 GT3. Want carbon-ceramic brakes? Then you'll get GT3 parts on both axles.

Jeep Wrangler EcoDiesel, Porsche Cayenne E-Hybrid and Tesla Cybertruck | Autoblog Podcast #606

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor, Green, John Beltz Snyder and Associate Editor, Joel Stocksdale. With their powers combined, they create a great episode full of driving impressions from the Jeep Wrangler EcoDiesel, Porsche Cayenne E-Hybrid and BMW X6 40i. They return to the topic of the Ford Mustang Mach-E before diving into the Tesla Cybertruck and a future without Buick sedans. Finally, they help a listener choose a new, sporty sedan in the "Spend My Money" segment. Autoblog Podcast #606 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Cars we're driving: 2020 Jeep Wrangler EcoDiesel 2019 Porsche Cayenne E-Hybrid 2020 BMW X6 40i Ford Mustang Mach-E (Watch the ride-along here) Tesla Cybertruck Bye to Buick sedans Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video: