Wednesday, December 09, 2009

VW to take 19.9% stake in Suzuki


Volkswagen AG said on Wednesday that it will buy a 19.9 percent stake in Japan's Suzuki Motor Corp. for $2.5 billion. Suzuki will use half the proceeds to buy shares in the Europe's largest automaker. "Two of the world's leading carmakers are joining forces and preparing to meet the growing need of the European and wider markets

DATED: 09.12.09

FEED: ANE





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