“Consolidation has happened for over 100 years in this industry. Early on, there were maybe thousands of firms building cars and that number has come down and down. Perhaps it has some way to go yet.
“The next 10-20 years will be interesting times as the industry changes a lot and consolidates and moves away from what we know as the traditional car industry. There are more big groups now and maybe we are in the final stages of the shake-up, with the opportunity, too, for some new entrants.
“I understand why companies want synergies. I’m glad that we have them across the VW Group.”