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TOKYO -- Volkswagen will buy a 20 percent stake in Suzuki Motor for $2.5 billion, forming one of the world's biggest auto alliances and giving the two carmakers a boost in fast-growing Asian markets.
BETTINA WASSENER The German carmaker said Wednesday that it would pay $2.5 billion for a 20 percent stake in Suzuki Motor of Japan.
WOLFSBURG, GERMANY – December 10, 2009: Volkswagen AG and Suzuki Motor Corporation have reached a common understanding to establish a comprehensive partnership. A framework agreement has been signed by representatives of both companies today.
Dec. 10 (Bloomberg) -- Volkswagen AG , the German carmaker that yesterday unveiled a deal with Suzuki Motor Corp. to help crack the Indian market, may end up fighting for sales with its new partner.
TOKYO -- Volkswagen AG will buy a 20% stake in Suzuki Motor Corp. for 222.5 billion yen ($2.5 billion), forming one of the world's biggest auto alliances and giving the two carmakers a boost in fast-growing Asian markets.
German automaker Volkswagen said Wednesday it would pay $2.5 billion for a 19.9 percent stake in Japan's Suzuki Motor Corp.
Dec. 10 (Bloomberg) -- Suzuki Motor Corp. fell in Tokyo trading after announcing Volkswagen AG will buy a 19.9 percent stake in the Japanese automaker for 222.5 billion yen ($2.5 billion).
Germany's Volkswagen AG, still in the process of taking over iconic sports car maker Porsche, has lined up a new partner to help it reach customers at the opposite end of the market.
Southern Fabrication Contractors, a Chattanooga company providing structural steel for Volkswagen's auto assembly plant, has added about 35 jobs due to the work, company officials said Wednesday.
A labor law attorney said Wednesday that companies here should expect an uptick in union activity, citing recent charges aimed at Volkswagen by a group supported by organized labor.
TOKYO -- Volkswagen will buy a 20 percent stake in Suzuki Motor for $2.5 billion, forming one of the world's biggest auto alliances and giving the two carmakers a boost in fast-growing Asian markets.
