Matthias Muller, the current chief of Volkswagen subsidiary Porsche, is expected to be named CEO of Volkswagen, sources close to the VW Supervisory Board told CNBC on Thursday.
The VW Board will hold a previously scheduled meeting in Wolfsburg, Germany, on Friday, where sources with knowledge of the situation say Muller will be tapped for the top job at the embattled automaker.
One person close to Volkswagen's leadership told CNBC that Muller "has strong support on the board."
The executive will need it, given the widening scandal at the world's second-largest automaker. On Thursday, reports surfaced citing Germany's Transport Minister as saying that Volkswagen has admitted to rigging emissions tests on some diesel engine vehicles in Europe.
That news followed the bombshell announcement by the Environmental Protection Agency that Volkswagen had secretly put software on 482,000 clean diesel cars in the U.S., allowing those cars to cheat clean-air emissions tests. The scandal has erupted into the biggest corporate crisis Germany has seen in years.