BERLIN (AP) -- Porsche says Matthias Mueller, a manager at Volkswagen AG, will take over as chief executive of the sports car maker later this year -- a move that underlines the companies' move toward a merger.
Porsche AG said Tuesday the 57-year-old Mueller will succeed Michael Macht Oct. 1. Macht is moving to Volkswagen to take responsibility for group production.
Mueller is currently responsible for product planning, product management and models at Volkswagen.
Porsche supervisory board chief Wolfgang Porsche said Mueller has experience of cooperation between brands in an integrated car company.
Porsche last year lost a bid to take over the much larger Volkswagen, which is moving toward a full merger in which Porsche will become the group's 10th brand.
