Executive Ane

Porsche picks new r&d chief as suspended Hatz quits

UPDATED: 5/3/16 10:15 am ET - adds statement

Porsche AG's supervisory board has appointed Michael Steiner as new head of r&d, replacing Wolfgang Hatz who will leave the sports-car maker at his own request.

Fields: Ford EV will have range near 200 miles

Ford Motor Co. is developing an electric vehicle with range comparable to the Chevrolet Bolt, Tesla Model 3 and next-generation Nissan Leaf, CEO Mark

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