REPORT: Suzuki CEO nips VW tie-up rumors in the bud
 

Filed under: Suzuki, Volkswagen, Rumormill
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Those constant rumors that Volkswagen may acquire a 10-percent stake in Suzuki all have one thing in common: they all emanate from the Volkswagen side of the coin. Naturally, no such deal can be completely one-sided, and whenever given the opportunity Suzuki has consistently denied that there's any truth to the speculation.

Osamu Suzuki, chief executive at the Japanese automaker that bears his name, has once again conclusively stated that there is no impending tie-up between the two automakers:

There's a saying that there's no smoke where there's no fire, but you're all creating smoke where there's no fire in this case. There's been nothing on this (Volkswagen ties) from our side.

All smoke and no fire? We'll know soon enough - rumor has it that the deal, if it exists at all, will take place before the end of the year.

[Source: Automotive News - Sub. Req'd]REPORT: Suzuki CEO nips VW tie-up rumors in the bud originally appeared on Autoblog on Tue, 03 Nov 2009 10:00:00 EST. Please see our terms for use of feeds.


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