Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Officially Official: VW and Suzuki tie the knot]]>http://www.autoblog.com/2009/12/09/officially-official-vw-and-suzuki-tie-the-knot/http://www.autoblog.com/2009/12/09/officially-official-vw-and-suzuki-tie-the-knot/http://www.autoblog.com/2009/12/09/officially-official-vw-and-suzuki-tie-the-knot/#commentsFiled under: , ,



As you can see from the image above depicting Osamu Suzuki, chairman and CEO of Suzuki Motor Corp. and Martin Winterkorn, his counterpart at Volkswagen AG, the two auto companies have agreed to link arms. Volkswagen has properly announced that it has "reached a common understanding to establish a close longterm strategic partnership" with Suzuki Motor Corporation. The union means VW will buy 19.9% of Suzuki, then Suzuki will spend half the money they just received from Volkswagen reciprocating by buying VW shares.

Beyond that, Suzuki gains access to VW technology and the comforting warmth of a hugely profitable big brother. Volkswagen gets a nearly turn-key solution to boosting its small car development and piggybacks on Suzuki's presence in India and Southeast Asia. Suzuki, and of course, VW, will remain independent, but unofficial word suggests that VW might increase its stake to 33% or more at some point down the road, which could shift the balance of power.

VW's press release is after the jump, and there will be a press conference and webcast (you'll need a user name and password to watch) at 5 p.m. with more details.

[Source: Volkswagen | Image: Kazuhiro Nogi/AFP/Getty]

Continue reading Officially Official: VW and Suzuki tie the knot

Officially Official: VW and Suzuki tie the knot originally appeared on Autoblog on Wed, 09 Dec 2009 07:32:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>breakingOsaumu SuzukiOsaumuSuzukishare exchangeShareExchangesuzukisuzuki motor corporationsuzuki volkswagenSuzukiMotorCorporationSuzukiVolkswagentechnology exchangeTechnologyExchangetie uptie-upTieUpvolkswagenvolkswagen AGVolkswagenAgvwvw suzukiVwSuzukiwinterkornWed, 09 Dec 2009 07:32:00 EST<![CDATA[Volkswagen looking to take stake in Suzuki by year's end?]]>http://www.autoblog.com/2009/09/20/volkswagen-looking-to-take-stake-in-suzuki-by-years-end/http://www.autoblog.com/2009/09/20/volkswagen-looking-to-take-stake-in-suzuki-by-years-end/http://www.autoblog.com/2009/09/20/volkswagen-looking-to-take-stake-in-suzuki-by-years-end/#commentsFiled under: , , ,

The rumors keep coming. Just last month, we reported that Volkswagen AG was interested in a small slice of Suzuki Motors. Now, the German industry publication Automobilwoche is reiterating the same news. Apparently, a Suzuki executive at the Frankfurt Motor Show mentioned that an agreement between the two automakers would be in place by the end of the year. "For Suzuki and VW this connection would be a win-win situation. Suzuki would have access to a variety of VW's technology, while Volkswagen would have a solid supporting leg in India and Southeast Asia," the unnamed source said.

Neither party has any official word on the matter. However, last Monday Martin Winterkorn, VW's Chief Executive, said the product portfolio of the Japanese automaker would fit well with his company. Thanks for the tip, James!

[Source: Reuters]

Volkswagen looking to take stake in Suzuki by year's end? originally appeared on Autoblog on Sun, 20 Sep 2009 11:35:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>buyingmergerpartnershipsharesSuzukiSuzuki MotorsSuzukiMotorsTalksVolkswagenVolkswagen AGVolkswagenAgVWSun, 20 Sep 2009 11:35:00 EST<![CDATA[Battle of the Blue Badges: Volkswagen overtakes Ford as world's 3rd largest automaker]]>http://www.autoblog.com/2008/08/28/battle-of-the-blue-badges-volkswagen-overtakes-ford-as-worlds/http://www.autoblog.com/2008/08/28/battle-of-the-blue-badges-volkswagen-overtakes-ford-as-worlds/http://www.autoblog.com/2008/08/28/battle-of-the-blue-badges-volkswagen-overtakes-ford-as-worlds/#commentsFiled under: ,


While Toyota and General Motors continue to duke it out for first place among the world's largest automakers, the lower rungs have been equally hotly contested. It came as a shock to many that Hyundai-Kia had surpassed Honda to take the Number 5 spot, but if you think the battle is being waged purely between the Far East and North America, don't discount Europe for long. The continent's largest auto group, Volkswagen, has claimed its place on the podium as the world's third largest automaker, beating out Ford in the first half of this fiscal year.

The numbers, of course, are based on sales worldwide, and they could very well change by the end of the year. Although Ford's own namesake brand surely accounts for the bulk of its sales, the FoMoCo multi-brand conglomerate that once included the Premier Auto Group has dissipated of late, while VW's numerous subsidiaries - including Volkswagen, Audi, Skoda, Seat, Lamborghini, Bentley and Bugatti - continue to thrive. All the more impressive, then, that a tiny company like Porsche is on the verge of seizing it all.

[Source: Volkswagen]

Continue reading Battle of the Blue Badges: Volkswagen overtakes Ford as world's 3rd largest automaker

Battle of the Blue Badges: Volkswagen overtakes Ford as world's 3rd largest automaker originally appeared on Autoblog on Thu, 28 Aug 2008 14:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>fomocofordford motor companyFordMotorCompanyvolkswagenvolkswagen agvolkswagen groupVolkswagenAgVolkswagenGroupvwvw agvw groupVwAgVwGroupThu, 28 Aug 2008 14:30:00 EST<![CDATA[Porsche wants a bigger piece of Volkswagen]]>http://www.autoblog.com/2006/06/23/porsche-wants-a-bigger-piece-of-volkswagen/http://www.autoblog.com/2006/06/23/porsche-wants-a-bigger-piece-of-volkswagen/http://www.autoblog.com/2006/06/23/porsche-wants-a-bigger-piece-of-volkswagen/#commentsFiled under: , , ,

Porsche AG is on its way to becoming a blocking minority stakeholder in Volkswagen AG, attempting to raise its stake in the struggling automaker by 3.9 percent of total shares to a total stake of 25.1 percent. The only thing standing in its way at the moment is clearance from the German Cartel Office.

Porsche, which is already the largest single stakeholder in VW, will be able to exert more influence over Volkswagen once the deal is done. As German laws are relaxing on how much of a company an individual stakeholder can own, Porsche's move is being looked at as a way to ensure that Volkswagen doesn't become a takeover victim.

[Source: Forbes, Reuters]

Porsche wants a bigger piece of Volkswagen originally appeared on Autoblog on Fri, 23 Jun 2006 16:26:00 EST. Please see our terms for use of feeds.

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