Financial Times FT.com

VW hires Neumann to lead electric car unit

By Daniel Schäfer in Frankfurt

Published: November 11 2009 20:29 | Last updated: November 11 2009 20:29

Volkswagen has poached back the former chief executive of Continental for a newly created post to oversee the development of electric engines, highlighting the rapidly increasing importance of zero-emission vehicles for the industry.

Karl-Thomas Neumann will start in December as head of electric mobility and group chief officer, reporting directly to VW chief executive Martin Winterkorn, Europe’s largest carmaker said on Wednesday.

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