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Volkswagen taps Porsche chief for board

Matthias Mueller was promoted to the top position at Porsche in 2010 after a successful stint of developing model lines during his 36 years with the company, mainly at Audi. Having shown the same prowess while overseeing Porsche for the past five years, German outlet Frankfurter Allgemeine Zeitung reports that Mueller will be promoted to the management board of the Volkswagen Group, according to a leaked copy of an agenda for the meeting. It's said that a new spot is being created for him, one that will put him in charge of "overseeing cooperation" among Audi, Bentley, Bugatti, Lamborghini, and Porsche. While other group executives are known to hold positions on the board and with brands, or across brands, it isn't clear yet whether Mueller will keep his spot at the CEO of Porsche after the promotion. One thing that is certain is the 61-year-old Mueller doesn't see himself in line for Volkswagen Group CEO Martin Winterkorn's job in 2016, having told FAZ this month, "It's no solution to put a 63-year-old at the head of Volkswagen." News Source: Reuters, Automotive News - sub. req.Image Credit: Geoff Robins/AFP/Getty Images Hirings/Firings/Layoffs Porsche Volkswagen Performance volkswagen group matthias mueller promotion

Trump reportedly says he wants to wipe German cars off the U.S. map

BERLIN/FRANKFURT — A report that U.S. President Donald Trump has threatened to pursue German carmakers until there are no Mercedes-Benz rolling down New York's Fifth Avenue dented shares in the luxury car manufacturers on Thursday. An excerpt from German magazine Wirtschaftswoche's article, which cited several unnamed European and U.S. diplomats but did not include any direct quotes, could not be independently verified, while a U.S. Embassy spokesman in Berlin referred questions to Washington. The news and current affairs magazine said Trump had told French President Emmanuel Macron in April that he aimed to push German carmakers out of the United States altogether. Macron's administration in Paris declined to comment on the report. The Trump administration last week opened a so-called Section 232 trade investigation into vehicle imports, which could result in a 25 percent tariff on cars on the same "national security" grounds Washington used to impose metals duties in March. This could destroy exports by German carmakers, which control 90 percent of the U.S. premium market and are the biggest European Union exporters of cars to the United States. BMW owns Rolls-Royce, while Daimler has Mercedes-Benz, and Volkswagen controls Bentley, Bugatti, Porsche and Audi. Daimler, BMW and Audi declined comment. Porsche was not immediately available for comment. BMW shares were trading 0.5 percent lower at 0939 GMT, while Daimler and VW's shares were down 1 percent and 1.6 percent respectively, underperforming Germany's blue-chip DAX. Trump has railed against German carmakers before. And in early 2017, in an interview with German newspaper Bild, he said he would impose 35 percent tariffs on imported cars. At the time, the president called Germany a great car producer but said that the business relationship with the United States was an unfair one-way street. Germany's auto industry association VDA says its members exported 657,000 vehicles to North America last year, with total exports of vehicle components, cars, engines, as well as second-hand vehicles totaling 31.2 billion euros in 2016. Imports from the United States to Germany amounted to 7.4 billion euros, meaning a trade deficit of 23.8 billion euros the VDA's latest available figures show. However, German brands also have huge factories in the United States, where they built 804,000 cars last year, VDA said, providing jobs for U.S. workers. Berlin has reacted angrily to the U.S.

Porsche 911 GT2 test mule caught in the snow

This may look like a weird, cobbled-together Porsche, but insiders tell us we're actually looking at the forthcoming GT2. Maybe even a GT2 RS. Those schooled in the intricacies of Zuffenhausen nomenclature will be suitably excited by now. But for the rest of us, the GT2 (with or without the RS) represents the pinnacle of the most hardcore 911s. It's essentially a 911 Turbo without the all-wheel drive but some other goodies thrown in – or to put it another way, it is to the Turbo what the GT3 is to the 911 Carrera. Porsche first did a 911 GT2 back in 1993 based on the 993-generation model. It then did another based on the 996, and then on the 997. But the last one we saw was the GT2 RS that came out in 2010, packing 612 horsepower channeled exclusively to the rear wheels through a six-speed manual transmission. The German automaker didn't do a GT2 version of the 991, but now that the entire model line is undergoing a transformation – and an near-complete switch to turbo power – it apparently has another one in store for us. Aside from ditching the Turbo's all-wheel drive, the new GT2 will be lighter and pack more power – as much as 700 hp, from what we hear. As you can see from the spy shots, the test mule spotted romping in the snow is also wearing larger exhaust tips and the signature GT2 RS black hood. Expect the finished product to wear its own shoes and a more extreme aero kit as well. The question on everyone's minds will be whether it will, like the latest GT3 and GT3 RS, be offered only with a dual-clutch transmission, a conventional manual, or the buyer's choice of either. We'll find out sooner or later as the most extreme of Elfens is tipped to surface late next year. Related Video: