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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.

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:

Limited-edition Bugatti Chiron Sport bridges the gap between cars and planes

Bugatti is highlighting the little-known link between some of its earliest race cars and aviation with a limited-edition variant of the Chiron Sport named Les Legendes du Ciel. Although it doesn't gain wings and an air-cooled radial engine, the model features several design tweaks made to catch the eye of vintage car and airplane buffs alike. "Many successful Bugatti racing drivers, such as Albert Divo, Robert Benoist and Bartolomeo ‘MeoÂ’ Costantini, flew for the French Air Force. It is therefore almost an obligation for us today to pay tribute to the legends of that time and dedicate a special edition to them," explained company boss Stephan Winkelmann in a statement.  Starting with a Chiron Sport, stylists painted the body in a specific shade called Gris Serpent (which means "snake gray" in French) that's inspired by the color of some of the planes that flew during the 1920s. For contrast, they added a white stripe that stretches from the grille to the rear wing, and they painted the front part of each rocket panel blue, white and red. Exposed carbon fiber accents add a finishing touch to the overall design. Look closely at the front end, and you'll notice another edition-specific touch. Instead of mesh, the grille's insert is made with laser-cut strips of aluminum arranged to look like a group of planes flying in a formation.  Brown leather upholstery dominates the cabin, and aluminum trim pieces create another visual link between the Les Legendes du Ciel and planes built over a century ago. Each door panel gains a hand-sketched image showing a Bugatti Type 13 racing against a Nieuport 17 biplane. Released in 1910, the Type 13 was the first car to wear the Bugatti name. Launched in 1916, the 17 was a single-seater appreciated for its speed and reliability. Power for the Les Legendes du Ciel comes from a quad-turbocharged 8.0-liter W16 engine, which produces 1,500 horsepower and 1,180 pound-feet of torque. It spins the four wheels via a seven-speed dual-clutch automatic transmission linked to steering wheel-mounted shift paddles, and it sends the Chiron to a top speed that's electronically limited to 261 mph. In other words, it's faster than some of the planes it pays tribute to. Bugatti will make 20 units of the Chiron Sport Les Legendes du Ciel, and pricing starts at 2.88 million euros, a figure that represents $3.41 million at the current conversion rate. It sounds like build slots are still available.