Hard shoulder:VW PLANS to take a stake of up to 20 per cent in Suzuki Motors, providing the Japanese brand with a much-needed development partner and giving VW access to more small car technology.
Three sources with direct knowledge of the negotiations told of the impending deal. One said German group VW’s stake could “easily” rise to a controlling holding of more than one-third.
“An announcement could come as early as this week,” the source said.
Executives at Volkswagen have publicly said over the past six months that Suzuki would be an interesting target, given its expertise in small cars – a key segment to compete in emerging markets.