Filed under:
Suzuki,
Volkswagen,
Earnings/Financials,
Rumormill
The rumors keep coming.
Just last month, we reported that
Volkswagen AG was interested in a small slice of
Suzuki Motors. Now, the German industry publication
Automobilwoche is reiterating the same news. Apparently, a Suzuki executive at the
Frankfurt Motor Show mentioned that an agreement between the two automakers would be in place by the end of the year. "For Suzuki and VW this connection would be a win-win situation. Suzuki would have access to a variety of VW's technology, while Volkswagen would have a solid supporting leg in India and Southeast Asia," the unnamed source said.
Neither party has any official word on the matter. However, last Monday Martin Winterkorn, VW's Chief Executive, said the product portfolio of the Japanese automaker would fit well with his company.
Thanks for the tip, James!
[Source:
Reuters]
Volkswagen looking to take stake in Suzuki by year's end? originally appeared on
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20-09-2009, 07:00 PM
