Official: Volkswagen has bought 20% of Suzuki
Although there were rumors on the intention to buy Volkswagen shares to the Suzuki, the company denied ago with more than one months information published in the press. Today however it seems that we have confirmed predictions, Nippon’s announcing a press conference in which the public will be their relationship with Volkswagen.
It seems that the main actors keynote will be none other than the leaders of the two companies, Martin Winterkorn, CEO of VW, and Osamu Suzuki. Germans were able to buy a stake of 19.9% in the Japanese manufacturer, the highest price paid by European manufacturer with an estimated 2.5 billion dollars.
Volkswagen confirms such interest or for Suzuki, said in the last half of the year, but plans to overcome, with Japan, until at least 2018, the largest global manufacturers, Toyota and GM.
The new link will be beneficial for both manufacturers: Volkswagen will receive a platform for mini models, a segment where niponii have experience and will benefit from exposure Suzuki emphasized the growth markets like China and India. On the other hand, the Asians will receive the necessary funds and a strong partner to develop technology to reduce consumption.
News Pick a significant number of shares in the Suzuki comes only a day after all Volkswagen said it had completed the acquisition of 49.9% of Porsche and just a week after France’s PSA Peugeot-Citroen have managed to conclude a understanding similar to those of Mitsubishi Motors. It seems that evolution of alliance Renault-Nissan globally inspired and the other large European manufacturers, who have turned their attention on Japan.
admin | News | 12 9th, 2009 |
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