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Volkswagen reportedly to name Matthias Muller CEO

Porsche chief executive officer Matthias Muller is expected to be named CEO of Volkswagen AG, the Wall Street Journal and other sources reported Thursday morning. Muller, 62, has led Porsche since Oct. 1, 2010, and jumpstarted the sports-car brand's expansion around the world. He replaces Martin Winkerkorn, who stepped down Wednesday amid the company's worsening diesel scandal. At least three more executives are also expected to be fired, including Volkswagen's US chief and the heads of Audi and Porsche research and development. Both brands are divisions of VW. A US spokesman wouldn't confirm the reports. An official announcement is expected at VW's board meeting on Friday. Muller's ascension caps a stunning week of turmoil for Volkswagen, which manipulated software to make its diesel-powered vehicles appear cleaner during testing that they are in real-world driving. The charges were revealed last week by the EPA, which cited the work of researchers at West Virginia University. About 482,000 vehicles are affected in the United States, which will be subject to recall, and VW estimates about 11 million of its vehicles around the world have the rigged software. The well-regarded Muller was viewed as a front-runner for the job even before Winterkorn stepped down. Before helming Porsche, he oversaw all vehicle projects globally for VW from 2007-2010. Previously, he was in charge of the Audi and Lamborghini product lines, and earlier in his career was responsible for the Audi A3 program in the 1990s. He joined Audi in 1977. He's trained as a toolmaker and studied information technology in Munich. His last name is sometimes spelled Mueller in English. Muller faces immediate challenges as he takes over VW's sprawling 78-year-old industrial empire, including recalls and regulatory actions around the world. In the US alone, the company faces a fine of up to $18 billion. VW, an industrial symbol of Germany, is also far larger than any unit Muller has run in his career. While Porsche sold 189,849 vehicles in 2014 globally, it's one of many VW brands. Collectively they sold 5.04 million vehicles through the first six months of this year, making Volkswagen the world's largest automaker. Related Video:

Porsche stalls on Ferrari 458 rival

A few years ago, reports surfaced that Porsche was planning a new supercar. But the latest intel suggests that the plan has been put indefinitely on the back burner.
The project alternately referred to as 960 or 988 was put forth by CEO Matthias Müller shortly after he assumed control of the German automaker. It called for a mid-engined V8 supercar to slot in between the 911 and the 918 Spyder to take on the likes of the Ferrari 458 Italia, McLaren 650S and sister-company Lamborghini's Gallardo and subsequent Huracán.
Now three years since the idea was first mooted, the vehicle has yet to materialize. According to Autocar, Porsche is putting a greater emphasis on refreshing its existing lineup. Which is probably just as well, because the mid-engined supercar would have a heck of a challenge on its hands to differentiate itself in terms of performance from the 911 GT3 and 911 Turbo, which already give the 458 and company a run for their money.

2017 Porsche Panamera revealed: It's finally pretty

Things are looking up for the Porsche Panamera. Dynamically, it's always been good – fast, comfortable, and much more spacious than something like a 911 – but the general consensus is that the first-gen Panamera's styling was, shall we say, less successful. All that changes for the second-generation car. Despite being longer, wider, and taller than before, it's much more attractive, with a lower roofline that sweeps back toward the rear haunches with a pleasing arc. There's a clear styling link to Porsche's mainstay, the 911. The new Panamera's body is made mostly from aluminum, minus some high-strength steel and the optional large, panoramic roof overhead. LED lighting elements front and rear look suitably up-to-date, especially the interconnected design of the taillights. Wheels range from 19 inches to 21, with 20s standard on the Turbo. Porsche isn't just recalling its current sports car with the new Panamera. The central tachometer is designed to evoke the one in the 1955 356 A, more colloquially known as the Speedster. Beside that one analog throwback, however, the latest Panamera is fully modern and technologically advanced. Two seven-inch screens flank the tach, and the Porsche Advanced Cockpit includes a 12.3-inch tablet-like touchscreen in front of the driver. Apple CarPlay is available, but there's no mention of Android Auto. A new thermal imaging camera makes it easier to see in the dark. A completely new range of engines powers the second-gen Panamera, starting with a twin-turbo 2.9-liter V6 that puts out 440 horsepower and 405 pound-feet of torque. In the Panamera 4S, that's enough to launch the saloon to 60 in 4.4 seconds (4.2 with the optional Sport Chrono Package) and to hit a top speed of 180 miles per hour. The Panamera Turbo boasts a 4.0-liter, twin-turbo V8 with 550 hp and 567 lb-ft. The 0–60 run takes just 3.6 seconds (3.4 with Sport Chrono) and the top speed is 190 mph. Both the 4S and the Turbo come with standard all-wheel drive and an eight-speed PDK dual-clutch automatic transmission. Much of the chassis tech from the last Panamera is carried over, including Porsche Active Suspension Management, Porsche Torque Vectoring Plus, and active roll stabilization. The available active air suspension has been updated with a three-chamber design. The 2017 model adds rear-wheel steering as an option, borrowed from the 911 line.