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CEO says Volkswagen’s buying spree is over

September 3, 2012 by · Leave a Comment 

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VW CEO Martin Winterkorn licks his lips during press conference

After adding Italian motorcycle icon Ducati to its stable and spending $5.6 billion on the rest of Porsche, Volkswagen CEO Martin Winterkorn says he’s done shopping for a while.

“We have enough to do at the moment in taking our twelve brands to where we want to be,” Winterkorn tells German newspaper Handelsblatt.

Rumors of VW’s pending purchase of Malaysian carmaker and Lotus owner Proton have been swirling for a while – as recently as July. And a year ago, VW Chairman Ferdinand Pi

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