Volkswagen chairman Ferdinand Piech could stay at the head of the company beyond the term he was granted earlier this year.

He told the German newspaper Bild am Sonntag: “A new model of the Golf usually comes out every 5-7 years. At least that long I will cover (Martin) Winterkorn’s back as chairman.”

A decision to prolong his tenure would push back long-awaited succession planning. Analysts have been critical of Volkswagen for not bringing forward managers seen capable of leading the 12-brand car group.

In April, shareholders voted 75-year old Piech to act as chairman for a third term which runs until December 2016. Piech is already the oldest-ever chairman of a listed German company.

Piech also served nine years as chief executive officer. He also told the newspaper that he is concerned about the impact of the euro zone crisis on VW.

“We are worried about regions south of the Alps and west of the river Rhine. You’ll hardly notice 5% plus or minus in Germany but will notice two thirds less in Spain.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now