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Volkswagen Prepares To Take 20 Percent Stake In Suzuki
by
Edward Niedermeyer
(IC: employee)
Published: December 8th, 2009
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Rumors of a VW-Suzuki tie-up were first floated on these pages by Bertel Schmitt, who reported that VW might be after a ten percent stake in the Japanese firm last summer. And with news last week that GM was buying out Suzuki’s stake in CAMI, the momentum seemed to be building. Well, Reuters reports that Volkswagen could announce that it’s taking a 20 percent stake in Suzuki, a deal valued at $2.8b, as soon as this week. Another source tells Reuters that the VW stake could become a 33 percent plus controlling interest in the future.
Edward Niedermeyer
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Published December 8th, 2009 12:25 PM
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No...please, no. Keep Suzuki independent, and reliable!
Suzuki is of a marrying age and needs to find a partner.
Thinking about the other bride- Mazda. It could be a great addition to Ratan Tata's empire, but I'm not sure he has any moolah left after gobbling up Land Rover& Jaguar and getting the Nano plants up and running.