je.st
news
VW says no acquisitions or mergers planned for now
2015-04-30 13:28:02| Automakers - Topix.net
Fresh off the leadership crisis that has beleaguered the world's second largest automaker and the biggest in Europe, Volkswagen AG has moved to dismiss any plans of purchases or mergers with rivals, beyond its already announced plan to increase the stake of its Chinese joint venture. The news also comes just as Sergio Marchionne, chief executive officer of Fiat Chrysler Automobiles, during the conference call to release the company's first quarter financial results, also reiterated his belief that global auto players should pull resources together and further consolidate the auto industry.
Tags: now
planned
acquisitions
mergers
Category:Automotive