Volkswagen to Stop Buying Other Automakers Says CEO

Jason Siu
by Jason Siu

Volkswagen and its CEO Martin Winterkorn have had a busy year thus far, successfully acquiring Porsche and Ducati under its umbrella of brands.

With 12 brands under the Volkswagen AG name now, Winterkorn has released a statement that the German automaker will now concentrate with integrating the new properties and will cool off on acquiring even more. The CEO also reiterated that Volkswagen has no interest in purchasing Malaysian automaker Proton, despite recent rumors.

The affirmation by Winterkorn that Volkswagen is not looking to acquire any more properties in the immediate future will also put to rest any rumors of Volkswagen purchasing Alfa Romeo. The CEO has made it no secret that he finds the Alfa Romeo brand interesting and attractive and even went so far as to saying that he wanted to acquire it two years ago. Nonetheless, that will be put to rest, for now.

The real debate is whether or now Volkswagen will jump on the opportunity of acquiring either Proton or Alfa Romeo if it was offered a price it couldn’t refuse.

[Source: Bloomberg]

Jason Siu
Jason Siu

Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.

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