Suzuki Motor Corp. and Volkswagen AG will begin work on joint projects starting around January 10, after the year-end holidays, Suzuki CEO Osamu Suzuki said today. ———- Right, the 2010 Alto Concept. The production version is expected to be nearly identical. ———- Japan's fourth-largest automaker and VW last week announced a comprehensive tie-up that will see Europe's top automaker take 19.9 percent of Suzuki. “We generally understand what we want from each other, through information exchange up to now,” the CEO told reporters at the launch of the new Alto minicar in Tokyo. “Actual, detailed execution – with our people going there and their people coming here – will be after January,” he said. Suzuki said the new partners have agreed they want to develop a competitive, small car, seen as key to expanding sales in developing countries. Responding to a report in Indian newspaper Economic Times quoting a top Maruti Suzuki India official as saying that VW and Suzuki may develop a small car that would cost $4,300-$5,400, Suzuki said: “Suzuki Motor has authority over this, not (Indian subsidiary) Maruti.”
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Suzuki and VW Agree to Develop Small, Inexpensive Car for Developing Countries
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