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Volkswagen: No further expansion planned

Volkswagen has announced that they are not planning any further expansion. We are not so sure about that, but time will tell for sure.

Volkswagen CEO Martin Winterkorn doesn’t intend to add any more brands to his much-expanded group.

In the past month the VW Group has acquired a 19.9 per cent stake in Suzuki and a 49.9 per cent stake in Porsche. Brands already under the VW Group banner include Audi, Bentley, Bugatti, Lamborghini, Seat, Skoda and VW itself.

But Winterkorn told German magazine WirtschaftsWoche that he was now satisfied with the VW Group line-up and he saw no need to add any other brands to it.

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Source: Autocar