2011 Bugatti Veyron 16.4 8.0l "bleu Nuit" Grand Sport 315 Miles, One Owner on 2040-cars

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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.

Bugatti will stop chasing speed records to focus on 'other areas'

Bugatti made international headlines when it became the first automaker to break the 300-mph barrier. The French firm won't return to the Ehra-Lessien track in Germany to try beating its 304-mph record, because it's done chasing speed records for good. "This was the last time for us," affirmed company boss Stephan Winkelmann during a short speech filmed in the company's factory. "From now on, our minds and our focus will stay on different projects," he added. He stopped short of delivering details about the projects he has in mind. Bugatti's retirement doesn't come as a surprise; the company had started to shy away from setting speed records after it released the Chiron. At the time, its lost interest came as a surprise, because it had made history on several occasions by reaching jaw-dropping speeds with the Veyron. The 267-mph Super Sport variant of the car held the coveted title of the world's fastest car for years. The company spent much of 2019 celebrating its 110th birthday with special cars like the one-off La Voiture Noire unveiled at the Geneva Motor Show, and the limited-edition Centodieci first shown at The Quail, a Motorsports Gathering in California. While it won't continue releasing two special projects annually in the foreseeable future, Bugatti will keep the momentum going in the coming years. "One thing is for sure: we will have a great future," Winkelmann concluded. Time will tell whether it involves a long-tail Chiron variant inspired by the record-breaking car, a long-rumored SUV, or something else entirely.

What do you do with a fake Bugatti Veyron for $60k?

Replica cars are a challenging labor of love because builders spend countless hours recreating a vehicle that people immediately compare to the real thing. Perhaps, the person behind this Mercury Cougar-based Bugatti Veyron should look for another way to pass that time. The coupe is currently for sale on eBay Motors for $59,900. The builder deserves some credit because the fiberglass body looks acceptable in the photos from farther away. The car might even fool a few people from a distance. However, the devil is in the details, and the closer you look, the worse this gets. The side intakes are especially rough. The red interior is atrocious. It's essentially the Cougar's cabin but in an eye-searing shade accented with lots of fake carbon fiber. The seller's eBay Motors ad really tries to market the look, though. "You slide in to [sic] this extremely comfortable leather interior and you feel like your bank account just quadrupled in size," the listing says. Don't expect to win any top speed titles in this Veyron replica, either. Rather than a mid-mounted quad-turbo W16, a 3.0-liter V6 from a Mercury Sable sits at the front. Thanks to an upgraded intake and exhaust, the seller claims, "It doesn't sound like your grandmas [sic] Sable." We wish the seller the best of luck, but the asking price of nearly $60,000 is probably too optimistic. We would still think twice about buying it even after taking a zero off that figure, but at least this thing is fun to look at. Related Video: