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02. July 2009

GER - Volkswagen may acquire 10pct stake in Suzuki

AFP reported that European car maker Volkswagen is mulling an investment in Japanese peer Suzuki. As per report, VW is thinking of buying a 10% stake.

Mr Ulrich Hackenberg development director of VW reportedly looked into the possibility during a trip to Japan a few weeks ago and came back with a positive impression.

VW is reportedly interested in Suzuki’s penetration of the Indian car market, where the German group lags behind, and by its very small models.

In late May 2009, VW said that it was mulling cooperation with the Chinese company BYD to build hybrid or electric cars.

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