Filed under:
Suzuki,
Volkswagen,
Earnings/Financials
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]
REPORT: Volkswagen to take 20% stake in Suzuki originally appeared on
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