FRANKFURT -- Volkswagen Group plans to promote Porsche CEO Matthias Mueller to its management board, reports said.
Mueller will get a newly created post overseeing cooperation among VW Group's luxury sports car brands, the Frankfurter Allgemeine Zeitung said in an advance copy of its Friday edition.
Reuters also reported that Mueller will be named to the board post next week, citing a source familiar with the matter. The German news agency said union sources at Porsche had confirmed that Mueller will get the new board role.
Volkswagen owns the Lamborghini, Bentley, Porsche, Audi and Bugatti sporty brands.
The reports did not say whether Mueller will keep his post as Porsche CEO in addition to his new board responsibilities. Audi CEO Rupert Stadler has a VW Group board seat as well as being a brand chief.
Mueller, 61, was appointed head of Porsche in 2010.
Volkswagen and Porsche declined to comment.