Volkswagen (VOWG_p.DE) Chief Executive Martin Winterkorn is in the frame to get a fresh five-year term in January, to oversee the integration of sports carmaker Porsche (PSHG_p.DE), a magazine reported.
VW's supervisory board members have agreed to extend Winterkorn's contract until 2016, when the CEO would be 69, German magazine Der Spiegel reported on Saturday, without saying where it got the information.
VW, which is Europe's largest carmaker, declined to comment.
Apart from folding Porsche into VW's array of nine car and truck brands, VW is planning the construction of new plants in China, the United States and India and aims to expand its cooperation with peer Suzuki (7269.T).
Winterkorn had told Der Spiegel in September that he aimed to remain in his position after his current contract expires next year.[ID:nLDE68O03O]
Winterkorn has said that his target for VW to overtake Toyota (7203.T) as the biggest car manufacturer worldwide by 2018 is likely to prove tough.
