"We have enough work on our hands at the moment," VW CEO Martin Winterkorn told Germany's Handelsblatt yesterday.
In addition, Winterkorn weighed in on Europe's increasingly dire manufacturing crisis.
While VW is committed to its continental assembly plants "without ifs and buts," Winterkorn called for rivals to close a total of 10 assembly plants across Europe. European automakers from Ford and Opel to Fiat and Renault all operate plants that are running well under capacity levels. In addition, rising wages have diminished automakers' profitability in Europe.
"Success comes to whoever builds the right cars at the right time at the right place," Winterkorn said, alluding to the fact that VW has largely insulated itself from Europe's recession woes.
