VW takes stake in Suzuki
Suzuki is just about the latest brand to end up part of the Volkswagen Group after VW decided to purchase a 19.9 percent stake within the Japanese microcar specialist.
VW continues to be drawn to Suzuki by its knowledge of small vehicle design by investing in a stake within the firm, VW has acquired use of Japan’s kei-vehicle market along with a firmer foothold in China, where Suzuki includes a large presence. VW has already been China’s top-selling manufacturer.
Inside a statement, VW stated, “As demand keeps rising for smaller sized cars as well as for powertrains with greater fuel efficiency minimizing CO2 output, Volkswagen and Suzuki will offer you an engaging solution for purchasers in emerging markets purchasing a vehicle the very first time and for customers in advanced economies seeking to lessen their CO2 footprint while still experiencing the freedom of transport provided by a thrilling selection of cars.
“Both parties are centered on achieving synergies within the regions of quickly growing emerging markets plus the expansion and manufacturing of innovative and eco-friendly compact cars.”
Suzuki will end up the tenth brand to come under the VW Group banner. The Audience really wants to end up being the world’s largest vehicle maker by 2018.
VW expects the offer to shut in The month of january 2010.
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