Volkswagen Names New CEO

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BERLIN — Volkswagen, Europe’s biggest automaker, named former BMW boss Bernd Pischetsrieder as its new chief executive Friday, replacing Ferdinand Piech after eight years in charge.

The new VW boss will take over on April 17, Volkswagen said in a statement after a meeting of its supervisory board, which also proposed that Piech take a seat on the board.

Pischetsrieder,

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