Wednesday, September 16, 2009
VW may expand to 12 brands, says chairman
Volkwagen may expand further after its acquisition of Porsche, claimed chairman Ferdinand Piech last night.
On the eve of the Frankfurt Motor Show, Piech told a Bloomberg reporter it may expand to a dozen brands. VW Group's takeover of Porsche takes its brands to 10.
However chief executive Martin Winterkorn said it has no interest in a takeover of Suzuki Motor Corporation, calling it a "nice little company".
VW is reportedly considering a partnership with Suzuki to improve its line-up of small cars.
DATED: 16.09.09
FEED: AM
