Volkswagen will likely extend CEO Winterkorn's contract

• Key members of Volkswagens (VLKAY) supervisory board want an extension of Chief Executive Martin Winterkorn's contract until the end of 2018, throwing support behind the engineer who survived a power struggle earlier this year.
• In April, Winterkorn clashed with Ferdinand Piech, VW's former chairman who has since resigned from his post amid disagreements over VW's strategy and direction.
• The supervisory board will likely pass the resolution at its meeting on September 25.