Suzuki sx4 at motorshow

Suzuki won’t sell more stake to Volkswagen but  looking for possibility to buy more stake in  Volkswagen

Suzuki Motor said on 15 january 2010 that Volkswagen completed its purchase of a 19.9% Suzuki stake for 222.48 billion yen ($2.5 billion), under the new alliance. Suzuki, in return, will invest up to half that amount in Volkswagen to solidify the broad alliance.  but Suzuki said on Thursday that they refuse to sell more stake to Volkswagen

Suzuki Motor Corp CEO Osamu Suzuki said on Thursday he would probably refuse any approach by German carmaker Volkswagen for a bigger stake in his company.

Deals

“When Suzuki becomes a bigger and more successful company, Volkswagen will probably want to buy more of our shares,” Suzuki told a news conference.

“If that happens, Suzuki will probably respond by saying, ‘Let’s continue as we are,’” he said.
 instead of this there’re a news that Suzuki looking for possibility to buy more stake in  Volkswagen

anyway,There ‘re  also have news that Suzuki will switch source of  diesel engine from PSA and Fiat to volkswangan
and news that will be a joint develope car dua to launch  in 2013

Admin with source from reuter

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