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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. The stock declined 2.3 percent to 2,315 yen as of 9:02 a.m. local time.
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.
Despite claims from an ambiguous organization about hiring, construction of Volkswagen's new automotive plant involves local workers. Today, one supplier opened its doors to show the public the local impact. read more
Dec. 9 (Bloomberg) -- Volkswagen AG, Europe’s largest carmaker, agreed to buy 20 percent of Suzuki Motor Corp. for 222.5 billion yen ($2.5 billion) to boost its presence in India.
Volkswagen's high-end special edition of the Tiguan, the Tiguan Track & Avenue, is for Europe only. | December 09, 2009 | Volkswagen of America, Inc. Volkswagen Tiguan Track & Avenue Debuts, But Not for U.S.
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. Suzuki, which makes small cars such as... Suzuki - Volkswagen - Automobile - Automotive industry - Makes and Models
Volkswagen, Suzuki Agree Strategic Partnership
The German carmaker said Wednesday that it would pay $2.5 billion for a 20 percent stake in Suzuki Motor of Japan.
Dec. 9 (Bloomberg) -- Volkswagen AG will pay 222.5 billion yen ($2.5 billion) for a 19.9 percent stake of Suzuki Motor Corp. Suzuki, based in Shizuoka prefecture, southwest of Tokyo, made the announcement in a statement to the Tokyo Stock Exchange today.
Volkswagen will buy nearly 20 percent of Suzuki for $2.5 billion in a deal poised to continue VW's ambitious growth plans and bolster its global product offerings.
