Volkswagen , which recently took control of Porsche, will reportedly take an approximately 10 percent stake in Suzuki by the close of the current calendar year.
Despite earlier denials from Suzuki, Germany’s Automobilwoche quotes an unnamed Suzuki executive as saying, “We expect that there will be a basic agreement this year.”
“For Suzuki and VW this connection would be a win-win situation. Suzuki would have access to a variety of VW’s technology, while Volkswagen would have a solid supporting leg in India and Southeast Asia,” the high-ranking employee told the publication.
Suzuki’s biggest strength lies in its domestic small car production. The Japanese company is an industry leader in its home market, although it has failed to secure a strong grip in any market outside of Southeast Asia.
