Volkswagen CEO Martin Winterkorn revealed the company would end its buying spree, but apparently no one told Ferdinand Piech as he is eyeing a few new additions to the company's lineup.

Volkswagen CEO Martin Winterkorn revealed the company would end its buying spree, but apparently no one told Volkswagen Chairman Ferdinand Piech as he is eyeing a few new additions to the company's lineup.

Speaking to Germany's ADAC Motorwelt, Piech said Volkswagen would have "at least 13 brands" within the next ten years. Volkswagen currently owns 12 brands including Audi, Bentley, Ducati, Porsche, Seat and Skoda.

Piech declined to say how many brands the company is considering, but Volkswagen was been mulling over an entry-level brand that could sell models for as little as €7,000 ($9,475). The executive also expressed interest in Alfa Romeo, but Fiat CEO Sergio Marchionne has repeatedly made it clear that he has "zero interest in selling Alfa. Period."

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Volkswagen still eyeing more brands - report