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New boss plans VW revolution

By Georg Kacher Motor Industry 22 November 2006 10:00 The Volkswagen Group is set for a huge shake-up, following the resignation of chairman Bernd Pischetsrieder. Product plans across all seven marques, the group brand strategy, platform sharing and costs will all be reviewed by incoming boss Martin Winterkorn, who clinched the role following Audi's stellar performance under his leadership. CAR Online can reveal that Winterkorn is likely to rip up Pischetsrieder's brand group structure, to improve communication and efficiencies.

U.S. will guarantee GM, Chrysler warranties, Obama says

In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on Monday. "Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech.

Bugatti Veyron is top seller at Barrett-Jackson auction in Las Vegas

Barrett-Jackson Auction Co. CEO Craig Jackson has the distinction of being the highest bidder at his firm's recent sale in Las Vegas--paying $770,000, including the buyer's premium, for a 2008 Bugatti Veyron when the original winning bidder refused to pay. Overall, the three-day auction, held Sept.