SEAT SA President Erich Schmitt resigns from his management board position with Audi AG, effective immediately. The termination of Schmitt’s board member agreement is a result of the dissolution of brand groups within the Volkswagen Group, the auto maker says. The brand group alignment was scrapped by newly appointed VW Chairman Martin Winterkorn, who took the helm of the auto maker following last month’s departure of CEO Bernd Pischetsrieder. Schmitt will remain president of SEAT and ...

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