Porsche CEO Said to Be Favored as VW Production Chief

Porsche AG Chief Executive Officer Michael Macht is the favored candidate to succeed Jochem Heizmann as production chief at Volkswagen AG, according to two people familiar with the matter.

Macht, 49, is Volkswagen CEO Martin Winterkorn’s choice to replace Heizmann because of his decade-long experience in running production at Porsche before he was named to head the sports-car maker a year ago, said the people, who asked not to be identified because the discussions are confidential. A final decision hasn’t been made, they said.