SUZUKI CONFIRM VW DISCUSSIONS
December 9 2009. 

Suzuki Chairman and CEO Osamu Suzuki has confirmed that the company is in discussions with VW and some reports in Japan suggest the German company is interested in up to a 20% share of the company.

Suzuki bought back its shares in ailing American car maker GM last year and has been looking for a new major automotive partner to help advance its green technologies. VW has advanced technology in electric powered and other green power options, while Suzuki is a major player in the growing Indian auto market, which VW is keen to crack, so the deal offers something to both companies.  

Suzuki shares were on the up after the news broke.