Volkswagen May Partner With Suzuki
By Michelle Krebs June 26, 2009German automaker Volkswagen reportedly is seeking a partnership with or stake in Japan's Suzuki Motor Corp., various global media outlets are reporting.
The buzz is Volkswagen would take a 10 pecent stake in Suzuki, which has seen its stock rise dramatically in recent days on the news.
Suzuki did have a partnership with bankrupt General Motors, which once owned 20 percent of Suzuki but sold its remaining stake in the automaker in November. GM and Suzuki also had a joint venture in Canada, and the two continue to cooperate on hybrid and fuel-cell development.
Volkswagen reportedly has been looking to add another brand. Suzuki is known for its minicars, sold mostly in Japan and India. In fact, half of its cars are sold in India. Suzuki, along with Honda and Daihatsu, are among the only automakers forecasting a profit this year.
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