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VW Group to stop expansion

Martin Winterkorn - VW Group CEO

The biggest car producer in the world, Volkswagen, has announced that it has no more interest in expanding, therefore buying other brands. After purchasing a 19.9% stake in Suzuki and a 49.9% stake in Porsche in the last months, VW’s CEO Martin Winterkorn said that he has no more intentions of acquiring stakes in other brands.

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