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
  • From Our Partners

    You May Like
    Links by Zergnet
    Share This Photo X