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Volkswagen CEO Martin Winterkorn is now implying the German automaker is done buying up stakes in other automakers. Winterkorn is suggesting that VW will begin to focus on success.
The company just completed buying a 19.9-percent stake in Suzuki and 49.9 percent of Porsche. “There are some who knock on our door,” said Winterkorn. “Some really want to come under our roof as they see we’re on a good path strategically.” When asked whether it would increase its stake in Suzuki, Winterkorn said only “time will tell.”
Winterkorn said that the company was done with its short-term dealings through 2010. VW will now focus on continuing to increase its market share as it has done in 2009. Through September, VW had higher global production figures than any other automaker. The automaker had built some 400,000 more vehicles than its closest competitor, Toyota, which was at 4 million units for the year.
Source: Automotive News
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