March 13, 2014 / 1:31 PM / 6 years ago

VW currently has no plans for further acquisitions: CEO

BERLIN (Reuters) - German carmaker Volkswagen (VOWG_p.DE) has no plans at present to expand the multi-brand group through further acquisitions, Chief Executive Martin Winterkorn said.

Wolfsburg-based VW is focusing efforts on integrating its 12-brand network, the CEO said on Thursday at the carmaker’s presentation of annual results in Berlin.

Reporting by Andreas Cremer; Editing by Maria Sheahan

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