Suzuki sells 19.9% stake to Volkswagen for $2.5 billion


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Japan's Suzuki Motor said on Wednesday it will sell a 19.9 per cent stake to Volkswagen for $2.5 billion and use half the proceeds to buy shares in the German automaker, as the two firms form a formidable force in the auto industry.

Volkswagen CEO Martin Winterkorn said in a statement
Two of the world's leading carmakers are joining forces and preparing to meet the growing challenges that lie ahead. Together we can maximise our opportunities for growth.


Economictimes
 
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A good move. Now we can gradually find some improvement in build quality of Suzuki cars and VW cars cheaper to maintain.
 

Arun

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Suzuki is still riding on the Maruti brand name. Maybe we'll have Volkswagen-Suzuki or Suzuki-Volkswagen. What sounds better?
 
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Volkswagen Can't Rule Out Takeover of Suzuki

Volkswagen is open to a takeover of Suzuki Motor Corp. if the Japanese automaker persists in dissolving the alliance between the two companies, Spiegel magazine reported, citing a Volkswagen manager it didn’t identify.
If Suzuki cancels its Volkswagen tie-up, the German company is free under the terms of the deal to add to its 19.9 percent holding in Suzuki without the Japanese company’s approval

Volkswagen Open to Suzuki Takeover If Tie-Up Ends, Spiegel Says - Bloomberg

VW can't rule out takeover of Suzuki: report | Reuters
 
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Re: Volkswagen can't rule out takeover of Suzuki

That would be a monumental change in automobile industry future, if it happens. But it is too far-fetched a thought and might not even happen!
 
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Suzuki gets legal with VW over troubled partnership

Suzuki is turning to legal arbiters in the UK in an attempt to force Volkswagen to return its 19.9-percent stake in the Japanese automaker, according to Automotive News Europe. VW purchased the sizable slice of Suzuki in 2009 for around $2.1 billion when the two embarked on a corporate partnership together, but the relationship soon hit trouble. Suzuki accused Volkswagen of failing to deliver on promises of shared technology, while the German manufacturer reportedly took issue with Suzuki opting to source a small-displacement engine from rival Fiat. The two former partners have delighted in taking pot shots at one another ever since.

Suzuki has offered to buy back its shares from Volkswagen at market prices, which values them at around $2.5 billion. The ICC International Court of Arbitration in London will handle the proceedings. Automotive News Europe reports international companies often turn to the court to settle differences due to the fact that the proceedings are typically private and the decisions respected.
 
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Suzuki gets legal with VW over troubled partnership

Suzuki is turning to legal arbiters in the UK in an attempt to force Volkswagen to return its 19.9-percent stake in the Japanese automaker, according to Automotive News Europe. VW purchased the sizable slice of Suzuki in 2009 for around $2.1 billion when the two embarked on a corporate partnership together, but the relationship soon hit trouble. Suzuki accused Volkswagen of failing to deliver on promises of shared technology, while the German manufacturer reportedly took issue with Suzuki opting to source a small-displacement engine from rival Fiat. The two former partners have delighted in taking pot shots at one another ever since.

Suzuki has offered to buy back its shares from Volkswagen at market prices, which values them at around $2.5 billion. The ICC International Court of Arbitration in London will handle the proceedings. Automotive News Europe reports international companies often turn to the court to settle differences due to the fact that the proceedings are typically private and the decisions respected.
This is part of inter-religion marriage. [lol] You need someone who is used to these type of marriages & suzuki was never one.
 
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