Martin Winterkorn Steps Down As Porsche SE Chairman

While Martin Winterkorn is no longer the CEO of the Volkswagen Group, public pressure has forced him to give up the most important of four other key positions he held within the company.

Winterkorn and Porsche Automobil Holding SE, the family-owned holding company that controls a majority stake in Volkswagen, have agreed that he “ceases his function as member and chairman of the executive board of Porsche SE by the end of October 31, 2015.”

As of November 1, 2015, Winterkorn will be succeeded as Porsche Automobil Holding SE chairman by Hans Dieter Pötsch, who was recently appointed VW Group chairman.

“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,” said Dr. Wolfgang Porsche, chairman of the supervisory board of Porsche SE.

Martin Winterkorn still remains chairman of Audi AG, Scania and the newly-created Truck & Bus holding.

Winterkorn’s removal from management positions linked with the VW Group is seen by some analysts and investors as critical for the automaker’s credibility and resolve to move on from the biggest business crisis in its 78-year history.

PHOTO GALLERY

Citroen Won’t Give The C4 Cactus Another Chance

The name might return but the quirky crossover is not coming back, says Citroen’s product chief.

James May Thinks The Tesla Model S P100D Is The Greatest Muscle Car Ever

The Tesla Model S P100D is quick but James May isn’t impressed by its interior.

Renault And FCA Are Both Open To Restart Merger Talks

Both car makers want the merge but there’s work to be done before negotiations restart.

Does The Latest Toyota Supra Work As A Four-Door GT?

A longer wheelbase would be mandatory in order to pull off this design in the real world.

Chevy Drivers Can Now Order Pizza Using Car’s Touchscreen

Chevrolet’s Marketplace platform has added Domino’s Pizza as its latest merchant.

2020 Karma Revero GT Looks To Honor The Iconic P-51 Mustang Fighter Plane

Karma Automotive has unleashed two 2020 Revero GT models featuring aviation-inspired wraps, for goldRush Rally Eleven.

First-Ever Lotus SUV Test Mule Spotted Near Company’s HQ

This Lotus SUV prototype is wearing an old Lynk & Co 01 shell in an attempt to fool onlookers.

Lego Technic Model Previews 2020 Land Rover Defender

The new Land Rover Defender will be sold in three- and five-door forms.

All-New Ford Puma Crossover Teased Ahead Of June 26 Premiere

The 2020 Puma will slot between the EcoSport and Kuga and will be made in Romania.

Mini Shows 2020 John Cooper Works GP At The Nurburgring

The Mini John Cooper Works GP will have over 300 hp and rival the Honda Civic Type R.