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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap Winterkorn to remain at Volkswagen helm until end-2016 AFP - Monday, January 3 Send IM Story Print Winterkorn to remain at Volkswagen helm until end-2016 BERLIN (AFP) - – Martin Winterkorn will remain as head of German carmaker Volkswagen until the end of 2016 after his contract was extended by five years, the company said Sunday. Winterkorn took over as CEO in January 2007 and his contract was due to expire at the end of 2011, but the company's supervisory board "has unanimously agreed to prolong (his mandate) by five years," it said in a statement without elaborating. German press reports said the main goal in keeping Winterkorn on board was that he complete the integration of Porsche and Suzuki into the company. German magazine Der Spiegel had in November reported the likely extension of Winterkorn's contract, saying he would be looking to push the brand in China, the United States and India with the goal of overtaking Japan's Toyota as the world's top carmaker. The head of the works council representing the firm's employees, Bernd Osterloh, said in a statement that Winterkorn "has the full support of employees." Volkswagen, based in the German city of Wolfsburg and owning brands including Lamborghini, SEAT and Audi, has set a goal of becoming the world's number one automaker by 2018. Recommend Send IM Story Print News Search Top Stories Hasta la Vista: Arnie quits as California governor Refusal to up debt ceiling 'catastrophic': Obama aide Winterkorn to remain at Volkswagen helm until end-2016 Falling blackbirds baffle Arkansas officials Brazil's new president starts work, meets leaders More Top Stories » ADVERTISEMENT Most Popular Most Viewed New smoking laws takes force in Spain Viking wolves return for first solar eclipse of 2011 Britain set for rocky economic ride in 2011 Anna Chapman stars in New Year 'Soviet spy film' No pardon for Wild West outlaw Billy the Kid More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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