VW Stakeholders Fail to Select New Audi Chief in 6-Hour Meeting

Volkswagen AG’s board was unable to agree on a new leader for its Audi unit after more than six hours of debate Monday, with some members balking at making a hasty choice after the unexpected arrest of the brand’s longtime chief. Plans by VW stakeholders to quickly appoint Audi sales boss Bram Schot as the unit’s interim chief executive officer following the arrest of Rupert Stadler encountered resistance at a meeting of supervisory board members, and it’s unclear when the situation will be resolved, according to people familiar with the matter. “The supervisory board members of VW and Audi haven’t reached a decision yet today and continue to explore the situation,” the automaker said in an emailed statement late Monday.