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Audi puts planned Formula One entry under review - Spiegel
  + stars: | 2023-10-26 | by ( ) www.reuters.com   time to read: +1 min
A logo of Audi is seen outside an Audi car dealer in Brussels, Belgium March 13, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsBERLIN, Oct 26 (Reuters) - Audi has placed its plans to enter Formula One under review, German news outlet Spiegel reported on Thursday. Citing sources at parent company Volkswagen (VOWG_p.DE), Spiegel said the plans were being "analysed in detail" in the wake of a management change and cost-cutting measures. Asked for official comment by Spiegel, Audi said the plan for Formula One entry had been agreed by its management and supervisory boards as well as its parent company, and that the timetable remained unchanged. Audi announced last year that it would enter Formula One from 2026 with one of the sport's existing teams and using a new power unit to be built in Germany.
Persons: Yves Herman, Spiegel, Audi, Markus Duesmann, Duesmann, Gernot Doellner, Friederike Heine, Miranda Murray Organizations: Audi, REUTERS, Rights, Formula, Spiegel, Volkswagen, Thomson Locations: Brussels, Belgium, Germany
Companies Volkswagen AG FollowFRANKFURT, June 29 (Reuters) - Volkswagen's (VOWG_p.DE) Audi division will replace current CEO Markus Duesmann on Sept. 1, with Volkswagen strategy chief Gernot Doellner to take over, the carmaker said on Thursday. Reporting by Christina Amann; Writing by Christoph Steitz; Editing by Tom SimsOur Standards: The Thomson Reuters Trust Principles.
Persons: Markus Duesmann, Gernot Doellner, Christina Amann, Christoph Steitz, Tom Sims Organizations: Volkswagen, FRANKFURT, Audi, Thomson
Audi names Volkswagen strategy chief Doellner as new CEO
  + stars: | 2023-06-29 | by ( ) www.reuters.com   time to read: +2 min
FRANKFURT, June 29 (Reuters) - Volkswagen's (VOWG_p.DE) Audi named the German group's strategy chief as its new CEO on Thursday, as the luxury carmaker seeks to catch up with rivals in the dash towards electrification, including in China, the world's top car market. Gernot Doellner, who replaces Markus Duesmann, will become CEO with effect from September, Audi said, after the luxury automaker's supervisory board passed a resolution on Thursday. Doellner is a Volkswagen Group veteran who joined the company as a doctoral student in 1993 and rose through the ranks to become head of product development at Porsche. He headed up the Panamera series from 2011 to 2018 and became head of product strategy at Volkswagen AG in 2021. "Audi is a fantastic company with a rich history," Doellner said, adding: "I look forward to shaping the company's future together with the entire team at Audi."
Persons: Gernot Doellner, Markus Duesmann, Doellner, Oliver Blume's, Bentley, Peter Bosch, Christina Amann, Jan Schwartz, Ilona Wissenbach, Christoph Steitz, Victoria Waldersee, Tom Sims, Emma Rumney, Hans Seidenstuecker Organizations: Audi, Volkswagen Group, Porsche, Volkswagen AG, Volkswagen, BMW, Mercedes, Benz, Thomson Locations: FRANKFURT, China
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