VWchief’s con­tract ex­tended to 2018

China Daily (Canada) - - SHANGHAI -

Volk­swa­gen AG is ex­tend­ing the con­tract of Chief Ex­ec­u­tive Of­fi­cer Martin Win­terkorn un­til the end of 2018 — a vic­tory for Win­terkorn af­ter he clashed with for­mer Chair­man Fer­di­nand Piech ear­lier this year. The su­per­vi­sory board will vote on the pro­posal on Sept 25, the Ger­many au­tomaker said in a state­ment.

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