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Audi picks Porsche exec as sales chief - sources

Tue Feb 19, 2008 7:25am EST

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MUNICH, Feb 19 (Reuters) - Volkswagen (VOWG.DE) premium unit Audi, for years an also-ran in the U.S. car market, has poached Porsche's (PSHG_p.DE) top executive in North America to serve as new head of sales and marketing, sources familiar with the situation told Reuters on Tuesday. Peter Schwarzenbauer, 48, will replace Ralph Weyler, viewed as an ally of the former Volkswagen CEO Bernd Pischetsrieder who had been criticised for Audi's relatively weak sales results in the U.S. market and his close ties to the Munich celebrity scene.

Since 2003 Schwarzenbauer has run Porsche's business in North America, its largest single market and the biggest overall for premium cars worldwide.

The sources confirmed a similar report in the German daily Sueddeutsche Zeitung. (Reporting by Irene Preisinger; Editing by Paul Bolding)



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