Bram Schot appointed Audi CEO on permanent basis

Audi has formally appointed Bram Schot as permanent CEO, a role he was given on an interim-basis after the arrest of previous CEO Rupert Stadler. In announcing the appointment, Herbert Diess, head of the Volkswagen Group, said Schot had done a "convincing job in recent months... [in] pushing forward with the cultural change in his team and is effectively tackling the current challenges".