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Volkswagen Boss Open To Acquiring More Brands: Report Photo:
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TMR Team | Mar, 18 2013 | 3 Comments

The Volkswagen Group could grow further in the coming years, with CEO Martin Winterkorn confirming this week he is open to acquiring more brands if conditions allow.

In an interview with business paper Reuters, Winterkorn said that while the family has bases covered with its existing 12 brands, there are sometimes opportunities "that one cannot pass up".

"We have no further projects in the drawer, but we're always wide awake to what's happening in the world," Winterkorn told Reuters in Wolfsburg.

In 2012, Volkswagen expanded its family when it added Italian motorcycle brand Ducati, purchased through its Audi prestige marque - which also owns Lamborghini and design studio Italdesign Giugiaro.

Volkswagen also finalised the long-awaited takeover of Porsche in 2012, purchasing the remaining 50.1 percent stake in the sports brand at a cost of €4.46 billion.

The Volkswagen Group's full range of brands includes Volkswagen, Skoda, Seat, Audi, Porsche, Bentley, Lamborghini, Bugatti, Ducati MAN, Scania and Italdesign Giugiaro.

Volkswagen's first non-German subsidiary was Seat, purchased completely in 1990 after growing its share from 51 to 75 percent in 1986.

Where the carmaker will look for its next "opportunity" is unclear, although Volkswagen Group Chairman Ferdinand Piech has confirmed interest in Alfa Romeo - despite Fiat boss Sergio Marchionne's insistence that the marque is not for sale.

 
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