
Volkswagen’s only acquisition deal on the horizon is a possible increase of its stake in its highly profitable Chinese joint venture with First Automobile Works Corp., VW finance chief Hans Dieter Poetsch said.

Volkswagen’s only acquisition deal on the horizon is a possible increase of its stake in its highly profitable Chinese joint venture with First Automobile Works Corp., VW finance chief Hans Dieter Poetsch said.

Volkswagen expects production of vehicles based on its new MQB modular assembly architecture to soar in the next few years, Chief Financial Officer Hans Dieter Poetsch told a German newspaper.