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Winterkorn steps down as CEO of Porsche SE

Martin Winterkorn's departure from all things related to the Volkswagen Group is nearing completion. After having stepped down as chairman of the automaker's executive board nearly a month ago in the wake of the automaker's diesel emissions scandal, he's now leaving the direction of the company's principal shareholder, as well. After VW acquired Porsche (the automaker) several years ago, and in turn was principally acquired by Porsche (the holding company), the latter installed Winterkorn as its chief executive officer in order to cement ties between the parties. He's served as chairman of the executive board (German-speak for CEO) at Porsche Automobil Holding SE ever since, but he's now officially resigned from that position. In his place, the holding company has named Hans Dieter Potsch as its new chief exec. Potsch was also recently named as chairman of the supervisory board of the Volkswagen Group, having served until now as CFO of both VW AG and of Porsche SE. Winterkorn's principal successor at the helm of daily operations at VW is Matthias Muller, formerly CEO of the Porsche auto brand and now CEO of the entire VW group. The development brings Winterkorn's exit closer to completion. However the departing executive still, for the time being, remains at the head of group divisions Audi, Scania, and Truck & Bus GmbH. We don't expect it will be much longer, however, before he formally resigns from those chairmanships as well. Related Video: Porsche SE: Prof. Dr. Martin Winterkorn ceases function as member and chairman of the executive board Successor as chairman will be chief financial officer Hans Dieter Potsch Stuttgart, 17. October 2015. Porsche Automobil Holding SE, Stuttgart ("Porsche SE"), reached an agreement with Prof. Dr. Martin Winterkorn that he ceases his function as member and chairman of the executive board of Porsche SE by the end of October 31, 2015. Dr. Wolfgang Porsche, chairman of the supervisory board of Porsche SE, thanked Prof. Dr. Winterkorn for the successful work in previous years: "Prof. Dr. Winterkorn assumed office as chairman of the executive board of Porsche SE in a difficult situation. He played a significant role in transforming our company into a highly professional investment holding. I would like to express my gratitude on behalf of the entire supervisory board." Hans Dieter Potsch, chief financial officer of Porsche SE, was appointed by the supervisory board to succeed Prof. Dr.

Eight things we learned about the 2017 Porsche Panamera

We just spent two days in Germany with the 2017 Porsche Panamera, and now that we're back home in the States it's time for show and tell. The design is probably the most noticeable difference, but there is a lot going on inside and underneath this new Porsche sedan. Here are eight important bits worth talking about. It's longer, wider, and taller than before. The new Panamera is 198.8 inches (+1.3) long, 76.3 inches (+0.2) wide, and 56 inches (+0.2) high. It doesn't look bigger in person, though. Parked side-by-side, the 2017 Panamera looks chiseled and lean where the previous model was bulbous. The front and rear overhangs are reduced, aiding in the visual deception. We've already said that the 2017 Panamera is much prettier in person than its predecessor, and that's especially true from the rear three-quarter angle. There's a short flat surface at the tail below the rear glass, and the roofline over the rear of the passenger compartment was dropped by an eighth of an inch. Coupled with the new rear brake lights that are connected by an eye-catching light strip, those small detail changes make a dramatic impact on the car's overall appearance. Say goodbye to buttons. Physical buttons are quickly fading out of style, and the 2017 Porsche Panamera is the first vehicle from the German automaker that follows the trend. A sea of black plastic greets Panamera occupants, at least until the car is turned on. Then, the Porsche Advanced Cockpit lights up. Touch-sensitive controls abound for the driver and passengers both front and rear. The Advanced Cockpit definitely cleans up the Panamera's interior compared to the mess of buttons inside the first-gen model. We haven't been given the opportunity to put the new cockpit through its finger-friendly paces, but we're sure that if you understand how to operate a tablet, you've got the basics down already. Here's hoping it's intuitive and easy to use without diverting too much attention from the road. And wish a fond farewell to gauges (mostly). There's only one physical gauge inside the Panamera (unless you count the analog timer atop the dash on models equipped with the Sport Chrono Package). A tachometer sits directly in front of the driver. In a nod to Porsches past, it's designed to invoke memories of the classic 356. Besides that one throwback, the instrument cluster is dominated by twin seven-inch digital displays that flank the lone dial.

Qatari sheikh flees US after speeding Ferrari [w/video]

A prominent Qatari national has reportedly fled the United States after a video ostensibly showing his Ferrari racing through the streets of Beverly Hills went viral. Although the exact identity of the driver remains unclear, it is believed that the yellow LaFerrari was owned by Sheikh Khalid bin Hamad Al-Thani, a member of the ruling family of Qatar, the country's former interior minister and a well-known racing enthusiast. The video below, which has already attracted some 1.5 million views (but contains language that may not be safe for the workplace), shows the yellow hybrid hypercar racing with reckless abandon against a white Porsche 991 GT3 through the swanky Los Angeles neighborhood. The Ferrari is shown scraping its chin spoiler on the road before pulling back into the driveway (alongside a black Bugatti Veyron) with smoke billowing out its engine bay. Neither of the European exotics appear to show much regard for traffic laws, running stop signs as they speed through a residential area. The Ferrari appears to be wearing Qatari plates, while the Porsche does not appear to be carrying plates at all - just some racing decals on the doors and hood. According to reports, the Ferrari belongs to Sheikh Khalid, but the identities of the drivers behind the wheel of either car has not been ascertained. The Al-Thanis are known for their supercar collection, which is shipped around the world for the enjoyment of royal family members. Their signature teal and black exotics are a regular site around London. The Beverly Hills Police Department confirmed that, when approach by officials, the driver claimed diplomatic immunity – which the driver may not actually have. "It is against a federal law for someone to claim diplomatic immunity when they don't have it," said police chief Dominick Rivetti. The Ferrari was not, according to reports, registered with the State Department as belonging to a credentialed diplomat. Al-Thani has since reportedly fled the country, and taken his cars with him. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: BBC, Effspot via YouTube Government/Legal Ferrari Porsche Supercars porsche 911 gt3 ferrari laferrari