Volkswagen appoints Neumann as China chief


SHANGHAI, May 28 (Reuters) - Volkswagen AG said on Friday that Karl-Thomas Neumann, an electronics specialist, will take the helm of its China operations effective Sept. 1, replacing industry veteran Winfried Vahland. Neumann, 49, will become president of Volkswagen's China operations, replacing 53-year-old Vahland, who will become chairman of the European carmaker's Skoda subsidiary, it said in a statement. In April, Volkswagen said it would increase its 4.4 billion euro ($4.94 billion) ...

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