Impressed in its recent trip from Japan, European car maker Volkswagen is reportedly mulling a possible 10% stake in Suzuki. Apparently, the market penetration of the Japanese car manufacturer into India is what caught Volkswagen’s eye, something that they have not been successful at to date.
This should be good news for Suzuki considering that they needs all the help they can get financially although some terms of that area may possibly need further elaboration. But whatever happens, you can bet that this potential investment or partnership can be a good one for both of them.
In late May 2009, VW said that it was mulling cooperation with the Chinese company BYD to build hybrid or electric cars.
(Source) Steel Guru
Tags: car maker, chinese company, cooperation, electric cars, guru, India, Japan, japanese car manufacturer, market penetration, partnership, stake, Suzuki, volkswagen, VW
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