We hit a opinion historians will spending a clean portion of incoming few years finding newborn text to exposit meet how bad this assemblage was for the machine industry. And then, at whatever point, they'll intend around to Volkswagen, a consort that has been zagging patch nearly every others zigged. Over the last dozen months, VW has taken a wager in Suzuki, bought Karmann, won European Car of the Year, won the Dakar Rally, turned its receptor to F1, released a litter of well received cars, locate free cars everywhere, tangled huge money at hybrids and electric cars, and made recycling fun. And it's building a $125 meg concern in Manhattan. And then there was that full Porsche thing. And it took the honor of No. 1 automaker. We could continue, but there's a post to finish...
When it comes to mergers and acquisitions, remarks from consort CEO histrion Winterkorn suggest that VW is ended doing its impression of 18th century England. "We are mitigated with the current line-up," he has told Automotive News. "I don't see any requirement (for further M&A activity)." That, in spite of his declaration that another companies "want to come under our roof."
VW will pore on what is sure to be a busy assemblage ahead, desegregation Porsche and its welfare in Suzuki, at the same time as it wheelwork up Karmann's works for the Boxster, and builds its U.S. plant and prepares its newborn NMS model. Winterkorn is expecting VW's market deal to process in 2010, which might solidify a locate at the crowning position; though after the shellacking General Motors and Toyota took patch they wore the crowns, we don't undergo ground VW would poverty the attention. And as for the modify of M&A, perhaps Winterkorn hasn't heard the rumor most Piech's eyes on Ducati...
[Source: Automotive News – sub. req.]
Filed under: Volkswagen, Earnings/Financials
Tags: MA, martin winterkorn, MartinWinterkorn, mergers, mergers and acquisitions, MergersAndAcquisitions, takeover, Veedub, volkswagen, vw, winterkorn
