Volkswagen won’t acquire any other auto companies

By Auto News Log • December 22nd, 2009

Volkswagen has been slowly getting bigger and bigger in the past few years, and has even achieved to dethrone Toyota as the world’s biggest carmaker. This is largely due to its big portfolio of brands, from accessible ones like Skoda or Seat to luxury like Audi or Bentley.

In the last few months of 2009, the company announced two big purchases, 49.9% of Porsche, which will soon grow next year so that the two companies can merge, and 19.9% of Suzuki, heralding the entry of VW onto the Japanese market’s small car segment.

VW won’t slowly take over the world, as its CEO, Martin Winterkorn, has just revealed that the company will refrain from making any other purchases anytime soon, and that it will focus on building the brands it currently has under its wing.

“There are some who knock on our door,” he said. “Some really want to come under our roof as they see we’re on a good path strategically. But we are satisfied with the current line-up. I don’t see any need [to make more acquisitions].”

The VW executive also revealed that only time will tell if its share stake in Suzuki will rise. Until then though, the German corporation has some big plans which will be revealed in the near future.

Source: Autocar

 

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