VW to Buy Stake in Suzuki by the End of the Year

VW is expected to buy a stake in Suzuki by the end of 2009 according to the German industry publication Automobilwoche report.

The publication quoted an unnamed Suzuki executive, "For Suzuki and VW this connection would be a win-win situation. Suzuki would have access to a variety of VW's technology, while Volkswagen would have a solid supporting leg in India and Southeast Asia."

VW has declined to comment, but last week VW's Chief Executive Martin Winterkorn stated that Suzuki's current product lineup would work well with VW.

There has been speculation about a tie up between the two automakers since August.

Full Story: Reuters