Volkswagen has been gobbling up automakers for years, but it looks like the company's massive expansion has been halted.

Speaking with Handelsblatt, Volkswagen CEO Martin Winterkorn revealed the company isn't planning to buy anymore automakers as he noted "We have enough to do at the moment in taking our twelve brands to where we want to be."

Winterkorn also said he wants the company to grow in Southeast Asia, but dismissed rumors that Volkswagen was considering buying Proton. However, the executive commented "That I find Alfa Romeo an interesting brand is not a secret, but we are currently busy enough with our brands."

For the time being, Volkswagen will focus on integrating some of their newer purchases (Porsche, Ducati, Scania and Man) into the company's portfolio.


Volkswagen ends it buying spree - report