VW to Pick Schot as Audi Interim Chief After CEO Arrest

Volkswagen AG is preparing to name Bram Schot as interim chief at its Audi unit, according to a person familiar with the matter, following the arrest of the luxury brand’s longtime leader Rupert Stadler over his role in VW’s diesel-emissions cheating. Stadler, 55, has been placed on leave after Munich prosecutors took him into custody in the early hours at his home in Ingolstadt, Germany, they said. The arrest took Volkswagen and its investors by surprise.