German daily Handelsblatt has quoted Volkswagen AG CEO Martin Winterkorn as saying that the company, now the world’s second-largest carmaker, will take a break from buying up new brands for now, instead focusing its efforts on integration. Winterkorn has also ruled out the acquisition of Proton, despite the company’s desire to gain traction in South East Asia.

“This doesn’t mean that we are planning to buy Proton in Malaysia, as some have speculated,” he said. “At the moment we are busy enough getting our 12 brands to where we’d like to be in 2018, which is the global number one carmaker. The integration of utility vehicles is going to cost us plenty of energy, and the sports car division is just as demanding.”

This follows a recent report of VW’s labour chief saying its labour representatives would not back any more acquisitions. The company’s intentions are thus pretty clear.