Volkswagen Group CEO Martin Winterkorn said he's not planning additional purchases as Europe's largest carmaker focuses on integrating Porsche, Ducati motorbikes and heavy-truck maker MAN. "We have enough to do at the moment in taking our twelve brands to where we want to be," Winterkorn said in an interview with German newspaper Handelsblatt. VW confirmed his comments.
Volkswagen earlier this month completed the 4.49 billion-euro ($5.62 billion) purchase of the remaining 50.1 percent of Porsche that it didn't own. The deal added the 12th brand to VW's portfolio after buying Ducati in Italy in July and raising its stake in Munich-based MAN to 75 percent in June.
Read Article