REPORT: Suzuki CEO denies talks with VW amidst tie-up rumors


Suzuki Alto Lapin - Click above for high-res image gallery

Hear about those reports last week of a potential tie-up between Suzuki and Volkswagen for microcar development? Osamu Suzuki, chief executive at the automaker that bear his name, heard the same rumors that we did, and they apparently came as news to him. Though Suzuki falls short of denying outright that any potential deal could be struck, he told the Chunichi Shimbun daily (via Reuters):
So far there's been absolutely no contact (with Volkswagen). Lately, we've been the victim of a lot of rumors (of equity tie-ups and cooperation deals).
Suzuki sells more mini cars – albeit tiny 660cc Kei urban runabouts – in Japan than any other automaker not named Toyota, yet it has a limited footprint in most other markets. Thus, it's not surprising that rumors of impending partnerships are common. In this case, though, it would seem that reports of a potential 10% stake by VW are at least a bit premature.


[Source: Reuters]

Reader Comments (Page 1 of 1)








Autoblog Podcast #153: With Phil Berg

Phil Berg puts his reputation on the line and hangs with the podcast crew.

 
 

Featured Galleries

  • 2010 Cadillac CTS Coupe
  • Hyundai 2.4L Theta-II GDI
  • Ginetta G50EV and John Surtees at the Channel Tunnel
  • 2010 Toyota Land Cruiser
  • Quick Spin: Superformance MKIII-R
  • 2011 Buick Regal Live Unveiling
  • BMW Concept 6
  • Zenvo ST1 Details
  • Building an LS9 V8 at the GM Performance Build Center
  • SEMA 2009: HPP Daytona Challenger
  • LA Design Challenge 2009 Competitors
  • SEMA 2009: 1962 Chevrolet Corvette C1-RS

AOL Autos

Find Your Next Car

Autoblog Video


Autoblog Green

Daily Finance

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum