At the brand level Wolfgang Schreiber, the chief executive of VW's commercial vehicles unit, was named the new chief executive of Bentley and president of Bugatti, effective Sept. 1.
VW's commercial vehicles unit, which is separate from its car division and is based in Hannover, Germany, suggests that future applications could include a multipassenger people-mover configuration, an open pickup bed and a box body.
The company, which makes Abrams tanks, Stryker fighting vehicles, and submarines and ships for the United States Navy, was bolstered by a 37percentt jump in sales at its military vehicles unit, which is seeing increased business supplying American forces in Iraq and Afghanistan.
The automaker's commercial vehicles unit unveiled five zero-emission vehicles at the 69th IAA Commercial Vehicles show in Hannover, Germany.
The boost came from stronger results from its commercial vehicles unit and its financial services division, which had an operating profit of 328 million euros ($425 million), up 48% from the year before.
General Motors, which filed for bankruptcy Monday, said Tuesday that it signed a tentative agreement to sell its Hummer sport utility vehicles unit to China's Sichuan Tengzhong Heavy Industrial Machinery.
