Report: Suzuki breaks off alt-power partnership with GM

[اخبار مصر موتورز]

Filed under: Europe, Japan, GM, Suzuki, Volkswagen, Earnings/Financials, Renault, Peugeot, Electric, Diesel
According to Reuters, Suzuki plans on ending joint development programs with General Motors next month - the two had been partnering on innovative hybrid and fuel-cell technologies. The news follows on the heels of last month's announcement that that Suzuki and Volkswagen had tied the knot (as part of that agreement, VW bought 19.9 percent of Suzuki and effectively became the automakers biggest shareholder - a position formerly held by GM). As the theory goes, it soon become clear that working with GM was no longer necessary. According to the report,

"Suzuki is in a comprehensive alliance with Volkswagen. In every field including hybrid, diesel and electric cars, we will carry out joint development with them, or we will learn from them," Osamu Suzuki, chairman and chief executive, said at the briefing in Hamamatsu, central Japan.

The new relationship with VW will also affect Suzuki's association with PSA Peugeot-Citroën and Renault SA, automakers currently supplying diesel engines to Suzuki. After all, VW brings extensive diesel engine technology to the table - making those relationships equally as moot.

[Source: Reuters]Report: Suzuki breaks off alt-power partnership with GM originally appeared on Autoblog on Mon, 18 Jan 2010 17:29:00 EST. Please see our terms for use of feeds.


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