FRANKFURT, Germany (AP) _ Automaker Volkswagen AG announced
Tuesday that it is promoting Reinhard Jung, who has been in charge
of production at its core Volkswagen brand, to chief executive of
the Skoda Auto unit.
Jung will replace Detlef Wittig, who is retiring in October but
will remain as a consultant with Europe's biggest automaker.
The VW group includes the Skoda, Audi, Seat, Bentley and
Skoda is the Czech Republic's largest and most profitable
exporter. It sold a record 549,667 cars in more than 90 countries
last year and plans to produce 580,000 cars this year.
Shares of Volkswagen fell 1.5 per cent to C122.22 (US$167.03) in
an overall lower Frankfurt market.