J.d. Power And Associates

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.

Consultant: 'Worrisome trends are taking hold'

A mistake of 1 percentage point on lease residuals could cost the industry $1.8B, J.D. Power consultant says

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