Porsche CEO defends his turf at Volkswagen

|About: Volkswagen AG ADR (VLKAY)|By:, SA News Editor

Porsche CEO Matthias Mueller has been awarded a new 5-year contract extension from Volkswagen (VLKAY).

Mueller has helped the brand show good results in key regions including China.

He has also successfully defended Porsche's goal of keeping an air of exclusivity with high-end buyers, despite some pressure from execs at Volkswagen Group to try different tactics to boost sales.