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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.

BMW makes the M4 extra special with a huge wing

BMW has all of the bases covered in its lineup, especially when it comes to its 4 Series models. Don't like going to the track? There's the BMW 430i and 440i, which are available as a coupe and gran coupe. Drivers looking for a track-friendly car that can also be used on the road will be steered toward the M4. BMW even built the hardcore M4 GTS for drivers that spend all of their time on a track. Now, it looks like BMW is trying to bridge the gap between the M4 and the M4 GTS with a special-edition model. Our photographers caught BMW testing an M4 with some extreme aerodynamic components around the Nurburgring. With its aggressive front end, massive wing, and sporty rear diffuser, the prototype M4 appears to be similar to the special-edition M4 Competition Sport that BMW released in Spain. The Spain-only special edition was marketed as a softer version of the M4 GTS with less power and usable rear seats. With a similar look and visible rear seats, this prototype indicates a similar track-focused special edition model. Since the M4 is only a few years old, it's unlikely that BMW is testing a new model, but the automaker could be testing aerodynamic components for a refreshed model down the road. A cheaper, more usable M4 GTS, though, would be the perfect car to round out BMW's current lineup. Related Video:

Bentley Continental GT Speed gets a little more juice

The latest version of the Bentley Continental GT Speed packs 633 horsepower, up ever so slightly from the 626 hp in the outgoing version launched in 2014, the 616-hp model that arrived in 2012, and the 602 hp offered in the first iteration from 2007. It also leaves the previous, 621-hp Supersports model in its wake, and further separates the flagship twelve-cylinder version from the lighter but less potent V8 model. Along with the relatively negligible 7-horsepower increase, the crew from Crewe also raised the torque figure by 15 pound-feet to a total of 619. As a result, Bentley says the latest flagship Conti will hit 60 in 3.9 seconds, down from the 4.0 flat the previous version was quoted at. No word on the top speed changing, but at 206 miles per hour, it didn't need much improvement in the first place. The Flying B marque has also launched a new Black Edition of the same model that offers a whole array of visual enhancements inside and out. As you might have guessed, it consists mostly of black trim, but also some contrasting aero components and leather trim. That's all well and fine, but we doubt most occupants would be paying much attention once all that power is deployed. Related Video: BENTLEY LAUNCHES NEW GT SPEED AND STRIKING BLACK EDITION - Continental GT Speed increases power and torque - Bold new Black Edition joins GT family - New and unique styling cues handcrafted to perfection at Bentley's Crewe factory (Crewe, 4 April 2016) Bentley unveils today the revised Continental GT Speed, raising the bar even further in terms of exclusivity and performance. The fastest production Bentley ever, with a top speed of 206 mph (331 km/h), now delivers even more power and torque, and a striking new Black Edition model joins the Speed family. Engineers at Bentley in Crewe have developed even more muscle from the Continental's iconic 6.0-litre twin-turbocharged W12 engine. The GT Speed now produces 642 PS - up from 635 PS - and 20 Nm of extra torque, bringing its total to a forceful 840 Nm. This additional torque is applied through the entire rev range via careful reoptimisation of boost control, raising the Grand Tourer's renowned "torque plateau" of continuous maximum torque delivery from 2,000-5,000 rpm, and bringing even greater acceleration performance. As a result, the 0-60 mph sprint time has dropped to just 3.9 seconds (0-100 km/h in 4.1 secs).