• 23
Where there's smoke, there's fire. Though Suzuki CEO Osamu Suzuki would beg to differ, it seems that the old saying has once again been proven prescient. After a ton of rumor, innuendo and speculation on the matter along with the subsequent denials, a fresh report from Reuters indicates that Volkswagen is indeed on the verge of announcing that it's procuring a 20% stake in Suzuki.
Assuming that the news is accurate, it will cost VW roughly $2.8 billion (250 billion yen) to purchase a fifth of Suzuki. Anonymous sources (aren't they all these days) suggest that the German automaker's share in Suzuki could easily rise to a controlling thirty-percent-plus stake.

[Source: Reuters | Image: Gabriel Bouys/AFP/Getty]


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 23 Comments
      • 5 Years Ago
      VW is nomming on the auto industry. Hopefully that means better cars for the industry. :P
      • 5 Years Ago
      Doesn't Suzuki have a line of commercial trucks? I could see VW buying them for that alone.

      Also for any type of penetration into the JDM and possibly help in China, even though I already thought that VW was doing very well there already.
        • 5 Years Ago
        Volkswagen AG is already the third largest truck producer worldwide over 7.5to...

        Volkswagen controlls
        Volkswagen Nutzfahrzeuge (commercial vahicles)
        Scania
        Volkswagen truck and buses
        MAN
        they offer world wide a wide range of transport from light commercial vehicles to heavy trucks for third world use...

      • 5 Years Ago
      Hmmm.. Germans and Japanese teaming up? Wasn't VW saying something about taking over the (automotive) world?
        • 5 Years Ago
        it's estimated the VAG or New Autounion will be the number 1 soon.

        VW made 4.4 million vehicles from January to September compared to the 4.2 million tallied in Toyota’s recent financial report.
        However, Toyota today claimed that it has actually produced 4.9 million vehicles, but offered no explanation for the discrepancy.
        source: http://www.caradvice.com.au/47598/volkswagen-tops-toyota-as-worlds-largest-vehicle-producer/

        http://worldcarsnews.com/?p=13943

        but i already know this atleast 2 years.
        • 5 Years Ago
        The Germans & Japanese automotive global collaboration...then the Italians over this side of the Pond (with American Chrysler).

        I smell an "Axis" automotive NWO here...

      • 5 Years Ago
      VW soon too big to fail.
      stealthebeatles
      • 5 Years Ago
      Was it Marchionne that said he saw industry consolidation to only 5 global car companies in some number of years?
      • 5 Years Ago
      @Mitlov

      I was thinking the same thing.
      Bil
      • 5 Years Ago
      Suzuki is really making a big turnaround in the US. This could make them an even bigger player or VW might push them out of the US like GM did with Daewoo.
      • 5 Years Ago
      Big turnaround? They sold 1500 vehicles in the United States in November. For comparison sake, Hyundai sold over 28,000. There's been talk of Suzuki pulling out of North America.

      Also, I don't think VW wants to try the "GM pushing Daewoos" concept. Most of the rebadged Daewoos aren't exactly great sellers or great cars.

      Suzuki cars will be out of North America within five years.
        • 5 Years Ago
        Suzuki's hands were tied by GM for a long time and forced to take the bottom of the Daewoo barrel models instead of bringing in their own cars. Their expertise has always been in the small end of the spectrum, which over the last decade pretty much dried up in the US. At the same time, Suzuki has been on a role internationally. With a new interest in smaller vehicles, there are opportunities in in the US market for them. What they need is some capital to help the rebuild here (which VW can provide as long as they don't smother Suzuki the way GM did).

        I'll take a a fifth of Suzuki and a pint of Bourbon.
      • 5 Years Ago
      At this stage in the world economy, snatching up suzuki is probably the smartest move of any of the big-name companies. Certainly better than Fiat taking Chrysler (though they got chrysler super-cheap).

      Suzuki makes the most affordable/reliable small cars in the world right now. And, unlike GM, as long as a larger company lets suzuki *do their own thing* while giving them the resources to do it (As seen with the diesel powered Fiat Sedici), it's a win-win situation.

      Personally, I'd love to see a Kizashi, or SX4, with a VW TDI engine under the hood in North America.
        • 5 Years Ago
        If they make it AWD you might be on to something. Still waitng on VW or Audi to give us a TDI with AWD that isn't the size of a Touareg.
    • Load More Comments
    Advertisement
    2015 Ford Mustang
    MSRP: $23,800 - $46,170
    2015 Toyota Highlander
    MSRP: $29,665 - $44,040
    2015 Jeep Cherokee
    MSRP: $23,095 - $30,895
    2015 Subaru Forester
    MSRP: $22,195 - $33,095
    2015 Honda Accord
    MSRP: $22,105 - $33,630
    Advertisement