Thursday, July 29, 2010

Volkswagen could create an alliance with Suzuki

Sunday, June 28, 2009, 8:08
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Concern Volkswagen is considering the possibility of establishing a strategic alliance with the Japanese car Suzuki in developing subkompaktnyh cars. That was reported by Bloomberg News, citing unnamed sources familiar with the situation.
As explained

Reuters, in partnership Suzuki Japanese company will receive the support of big automakers to develop new models, Volkswagen will be able to add to its range subkompaktnuyu machine, which will be in range at the step following a family city car built on the grounds of the concept - Karov Up!. The first model of this line should stand on the conveyor factory in Bratislava in 2011, passes lenta.ru.

According to some reports, company Volkswagen is also considering the option of purchase within 10% of the shares of Alliance Suzuki, but the representatives of the Japanese automakers have refused to comment on this information, as well as messages about the upcoming partnership with the Germans.

worth noting that eight years ago, about 20% of the shares owned by Suzuki Motor Concern General Motors, but in 2006, U.S. automakers sold 17 per package for two billion dollars to replenish its own budget. In late 2008, the remaining three percent were purchased from GM of the Suzuki, which, however, noted that despite this, all the joint projects of two companies remain inforce.

According to some experts, is due to the bankruptcy of GM and its precarious financial situation, the Japanese need a new partner, who may well become a VW. In doing so, according to Reuters, last month, chairman of the board of directors of Volkswagen Pih Ferdinand has declared interest in the brand of the group Suzuki.

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