1205 Stories, most recent news story added 1 hour 26 minutes ago
Volkswagen AG will buy a 20 percent 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 auto giant Volkswagen is buying a a 20 percent stake in Japan's Suzuki Motor Corporation, in a deal worth $2.5 billion, the companies announced Wednesday.
Volkswagen will take a 20% stake in Suzuki Motor for $2.5 billion, forming a broad alliance that could give a boost to the automakers in the fast-growing Chinese and Indian markets.
WOLFSBURG, Germany, Dec. 9 (UPI) -- German automaker Volkswagen said Wednesday it would pay $2.5 billion for a 19.9 percent stake in Japan's Suzuki Motor Corp.
The German car giant Volkswagen announced Wednesday it would buy a 20 percent stake in Suzuki Motor of Japan, in $2.5 billion deal that is aimed at better positioning the two companies in developing countries and in the rapidly growing market for fuel-efficient cars, Bettina Wassener writes in The New York Times.
Suzuki Motor Corp (7269.T) said Volkswagen will take a 19.9 percent stake in it for about 222.5 billion yen ($2.5 billion) as part of an alliance between the two automakers.
Volkswagen will buy a 20 percent stake in Suzuki 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.
Dec. 9 (Bloomberg) -- Maruti Suzuki India Ltd. , maker of half the cars sold in India, jumped the most in three weeks in Mumbai trading after Volkswagen AG agreed to purchase a stake in its parent.
Dec. 9 (Bloomberg) -- German stocks pared losses as Volkswagen AG and BASF SE rose. The benchmark DAX Index dropped 0.1 percent to 5,684.97 at 11:45 a.m. in Frankfurt, having slid as much as 1 percent earlier. Munich Re led falling shares.
Volkswagen AG and Suzuki Motor Corp. announce a strategic alliance on Wednesday that will see them cooperate in emerging markets and in the production of environmentally-friendly compact cars.
Germany's Volkswagen AG will buy a one-fifth stake in Suzuki Motor Corp for $2.5 billion, tapping the Japanese firm's expertise in small cars and dominance in India as VW seeks to become the No.1 automaker.
