Volkswagen future acquisitions put on hold: Focus on ‘stabilize the VW Group’
German automobile manufacturers and the biggest selling marquee in Europr, Volkswagen Group has put all future acquisitions on hold for the time being. This decision…
Volkswagen will hence take either a minority holding in Proton, owner of UK based sports car manufacturer Lotus or take a controlling stake so as to cater to growing demand in South East Asian markets. In 2011, Volkswagen overtook Toyota to be the second largest auto manufacturer in the world.
The company has been adding brands such as Scania, MAN, Porsche, Ducati and the like in a bid to surpass even General Motors by the year 2018. The Group has over 12 brands to their credit and markets of South East Asia are bounding. However with no backing of labor for purchase of Proton, the company is finding itself in a quandary and will have to abide by such decisions.