The Volkswagen Group has announced Audi’s CEO Rupert Stadler will keep his position as a new contract extension is about to be signed by the two parties. However, VW didn’t provide details about the exact length of the newly established contract but according to newspaper Frankfurter Allgemeine Zeitung, the term mentioned in the contract is of five years.
Rupert Stadler became Audi’s CEO back in 2007 when Martin Winterkorn left this position and as most of you know is now Volkswagen’s CEO. In 2007, the four-ring company managed to sell 964,151 units worldwide (93,506 in United States) while last year they shifted no less than 1,575,480 global units (158,061 in United States).
During the first two months of the year, Audi sold approximately 50 percent less cars than Mercedes-Benz and BMW in United States but even so, the people from Ingolstadt are on top of both its German rivals when it comes down to global sales. Moreover, the trend will likely continue since Audi plans on investing a whopping 30.3 billion dollars in the next few years. They also plan 11 additional models for United States and they will also open up their very first North American-based assembly plant.
The same report published by the German newspaper mentions Volkswagen’s sales chief Christian Klingler will retain its position for an additional five years, while Volkswagen’s boss in China, Jochem Heizmann, has received a two-year contract extension.