Filed under: Suzuki, Volkswagen
Where there’s smoke, there’s fire. Though Suzuki CEO Osamu Suzuki would beg to differ, it seems that the old saying has once again been proven accurate. After a ton of rumor, innuendo and speculation on the matter – along with the subsequent denials – a report from Reuters indicates that Volkswagen is indeed on the verge of announcing that it’s procuring a 20 percent stake in Suzuki.
Assuming that the news is accurate, it will cost VW roughly $2.8 billion (250 billion yen) to purchase a fifth of Suzuki. Anonymous sources (aren’t they all these days) suggest that the German automaker’s share in Suzuki could easily rise to a controlling thirty-percent-plus stake.
[Source: Reuters]
No Surprise: Volkswagen reportedly to take 20% stake in Suzuki originally appeared on Autoblog Green on Tue, 08 Dec 2009 16:05:00 EST. Please see our terms for use of feeds.
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