VW Says No M&A Projects On Agenda, Denies Report On Fiat Talks - Presented by: The Aol. On Network

German carmaker Volkswagen said on Thursday there were currently no merger and acquisition projects on its agenda. Manager Magazin reported on Thursday that VW Chairman Ferdinand Piech had held talks with owners of Fiat about purchasing all or part of the Italian firm. VW and Fiat have both denied that such talks have taken place. A spokesman at VW's Wolfsburg-based headquarters said "There are currently no M&A projects on the agenda. We are now focusing on boosting efficiency across the group.



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