Thursday, December 10, 2009
VW to Buy Stake in Suzuki
Volkswagen is on a roll. Having recently announced their decision to buy Porsche, VW has announced that it will also be purchasing a 20% stake in Suzuki. The stake, which will cost VW $2.5 billion, will allow VW to tap into Suzuki's dominance in the Indian market. In return Suzuki will gain access to newer technologies as the brand has lagged in gas-electric hybrids and other fuel efficient vechicles.