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.

German automakers to recall 630,000 diesel cars to fix emissions

Volkswagen, Opel, Audi, Mercedes and Porsche will recall 630,000 vehicles to fix diesel emissions management software, a German government official

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