Maybe tiny Suzuki Motor Corp. no longer has to be concerned that sales for its American Suzuki Motor Corp. unit have been evaporating towards near-nonexistence: information from Europe says the burgeoning Volkswagen Group has plans to take over Suzuki by the end of the year. A report in Britain's Car magazine, authored by Georg Kacher — a writer with historically reliable and highly-placed sources — says VW has been negotiating for months to acquire Suzuki and that the company had planned to announce the consummation of the deal at the Tokyo motor show in October, but last-minute contractual negotiations delayed the timeline. Now, Kacher says in Car , VW should announce by the end of the year it's completed a deal to own Suzuki, making the Japanese minicar specialist VW's eleventh brand.
Original post:
Suzuki Reportedly in VW’s Hands by Year-End
Comments on this entry are closed.