Volkswagen To Grab 20% Stake in Suzuki
By Chris Weiss
In its continued domination of the auto world, Volkswagen is getting ready to take a 20% stake in Suzuki Motor Corp., according to a Reuters report. One of the sources used expects that an announcement could be coming later this week. The source also speculates that Volkswagen could boost its share percentage north of a third in the future. The 20% piece of the Suzuki puzzle is estimated at 250 billion yen or around $2.8 billion. Neither side had an official comment. [Reuters via egmCarTech]
