Volkswagen seeks to retain traditional buyers with its seventh-generation Golf but also attract customers who are planning to downsize from larger cars. The carmaker expects 30 percent to 40 percent of Golf customers in Europe to be new to the car.
BorgWarner named James Verrier as CEO, succeeding Tim Manganello after 10 years at the helm of the powertrain technology supplier. The move is effective Jan. 1. BorgWarner signaled its succession plan in March when it named Verrier, 49, to the newly created position of president and COO.