Volkswagen's premium brands Audi and Porsche will join Formula One after convincing the German automaking group that the move will bring in more money than it will cost, VW Chief Executive Herbert Diess said on Monday.
German luxury car and bike maker BMW, which has been shying away from re-entering the Indian motorcycle market, is now looking to source parts for engines and chassis for its high-end two-wheelers from the country. BMW has started sourcing from India in a small quantity for cars as well, like software parts and has been closely working with vendors such as Mico Bosch and Conti.The BMW group on Tuesday reported a net profit of 3.13 billion euros in 2007.
Volkswagen will start firing people responsible for rigging US emissions tests and shake up management on Friday,
Walmart CEO Douglas McMillon came first in the CEOWORLD magazine's global ranking of the best chief executives across all industries for 2019.
The company said it would appoint a US law firm to conduct a full investigation
Unlike previous Paris auto shows, where new diesel models took centerstage, much of the buzz this year centred around hybrids and electric vehicles.
Volkswagen did not name a successor, but said proposals on management appointments would be made to a full board meeting on Friday.
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