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Thursday, December 10, 2009

Volkswagen: Buying 20% of Suzuki

Volkswagen Suzuki
Volkswagen has now confirmed the purchase of almost 20% of Suzuki.
Suzuki has become the latest brand to become part of the Volkswagen Group after VW agreed to buy a 19.9 per cent stake in the Japanese microcar specialist.

VW has been attracted to Suzuki by its expertise in small car design and by purchasing a stake in the firm, VW has gained access to Japan’s kei-car market and a firmer foothold in China, where Suzuki has a large presence. VW is already China's top-selling manufacturer.

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Source: Autocar

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