Volkswagen AG Chief Executive Officer Martin Winterkorn appointed a new trucks chief, added a top executive for China and replaced three Audi board members as part of a shakeup to push forward with his growth plans.
Even as rivals Mercedes-Benz and Bayerische Motoren Werke AG spent more than a decade expanding production overseas, Audi has clung steadfastly to its flagship factories in Germany. That’s about to change.
Volkswagen AG will appoint a new trucks chief, add a top executive to oversee China and replace three members of Audi’s board as part of a management shakeup at Europe’s largest carmaker to push forward with growth plans.
Volkswagen AG’s super-luxury Bentley brand sold more cars in China than Britain for the first time in its 92-year history and said it’s seeking to capitalize on wealthy customers reopening their wallets this year.