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Volkswagen Still Wants to Buy New Brands

Owning 12 brands doesn't seem to be enough for the Volkswagen Group, who's considering purchasing the 13th one, according to CEO Martin Winterkorn.
Martin Winterkorn Volkswagen 1 photo
This is not exactly breaking news, as Ferdinand Piech already announced plans to expand the brand's portfolio in the near future. However, Winterkorn's latest statement might mean that the moment we've all been expected is getting closer.

"We are currently well positioned with 12 brands, but there are always opportunities that one cannot pass up," Winterkorn said in an interview on Reuters Television.

Volkswagen's precise plans are not yet known, but rumors are hinting towards an Alfa Romeo offer, Fiat CEO Sergio Marchionne said the company is not for sale, and a new affordable brand for the Chinese market.

The Wolfsburg-based automotive group has eight passenger car brands (Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, Skoda, Volkswagen), two heavy-truck nameplates (MAN, Scania), a light commercial-vehicle make (VWCV) and one motorcycle company (Ducati).

 
 
 
 
 

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