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Volkswagen to buy 20 percent of Suzuki for $2.5B
23 hours ago ago from U.S. News
Volkswagen to buy 20 percent of Suzuki for $2.5B TOKYO (AP) -- Volkswagen AG will buy a 20 percent stake in Suzuki Motor Corp. for 222.5 billion yen ($2.5 billion), forming one of the world's biggest auto alliances and giving the two carmakers a boost in fast-growing Asian markets. Suzuki, which makes small cars such as the Swift and the Splash, said Wednesday it will also purchase shares in Volkswagen worth up to half the amount the German ...
Related contentVolkswagen buys a piece of Suzuki, eyes world's largest automaker crown
11 hours ago ago from DailyFinance
Volkswagen AG ( VLKAY ) is on its way to becoming the world's largest automaker. On Wednesday, the maker of the popular Beetle and Jetta models agreed to purchase a 20 percent stake in Suzuki Motor Corp. for $2.5 billion, which will help it gain a foothold in emerging markets like China and India. If the vehicles produced by Suzuki are counted, third-place Volkswagen would be in a neck-and-neck race with first place Toyota Motor Corp. ( TM ...
Related contentKia K9 super sedan sneak peeked in Seoul
13 hours ago ago from Autoblog
When the Volkswagen Phaeton launched here in the States, nobody liked it. Well, that's not true. Every journalist we know who drove the mighty VW went on and on about how it's probably actually the greatest car in the world (especially all decked out with a W12 engine) and how the HVAC system is a full generation ahead of the competition (you can't beat in-car radiators!) and how the seats so awesomely massaged their fat butts. That said, it ...
Related contentOfficially Official: VW and Suzuki tie the knot
22 hours ago ago from Autoblog
As you can see from the image above depicting Osamu Suzuki, chairman and CEO of Suzuki Motor Corp . and Martin Winterkorn, his counterpart at Volkswagen AG , the two auto companies have agreed to link arms. Volkswagen has properly announced that it has "reached a common understanding to establish a close longterm strategic partnership " with Suzuki Motor Corporation . The union means VW will buy 19.9% of Suzuki, then Suzuki will spend half ...
Related contentMotor4Toys charity car show attracts Leno and his Turbine
12 hours ago ago from Autoblog
6th Annual Motor4Toys charity car show - Click above for high-res image gallery For the 6th year in a row, Dustin Troyan organized and hosted the Motor4Toys charity toy drive and car show in Southern California this past weekend. Every year this show continues to grow, gathering together several thousand car people and their exotic and collectible sports cars, race cars, muscle cars, tuner cars, and the like. All of them come to support the ...
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