VW buys 19.9% of Suzuki, announces new partnership

Volkswagen, now the biggest car producer in the world, is set to start a new partnership with the guys from Suzuki.

The plan includes that VW buys 19.9% worth of shares in Suzuki and the Japanese to use half the amount of money received to buy shares from VW. The Germans are trying to extend their range of vehicles probably as Suzuki makes other vehicles apart from cars such as: motorcycles, marine transportation solutions and ATV’s. If this alliance will be allowed then we would be looking at the biggest car corporation in the world – outselling even Toyota.

Even though the 2 car companies have segments in which they are rivals, they reckon this fusion would be a good thing to do and that they will sort out the problems. We’ve noticed a recent trend in fusion from the giants of the car world in this hard economic climate so maybe this is the source to all their problems. PSA (Peugeot Citroen) want to cooperate with Mitsubishi, Fiat with Chrysler and Renault and Nissan have been together for quite a long time.

Source: WorldCarFans

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