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Volkswagen: Taking 20% stake in Suzuki

Reports are indicating that Volkswagen will take a 20% share of Suzuki.

Volkswagen is poised to take a 20 per cent stake in the Suzuki Motor Corporation in the next few days according to financial market reports.

Suzuki is an unassuming automotive giant, building 2.6m cars globally each year. However, it is the company’s expertise in small car design that is said to have attracted VW’s interest.

Suzuki also has a significant grip on the Indian market, selling various generations of its Swift and Alto small cars at different price points. It also has success with the Maruti brand in India and is the strongest player in Japan’s market for tiny K-car city vehicles.

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Source: Autocar