The stake buy could also boost Volkswagen's fortune in India. The companies also reached a common understanding to meet the growing challenges and develop hybrids and electric vehicles under both car brands.
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Saturday, January 2, 2010
Volkswagen buys stake in Suzuki:
Volkswagen, Europe's largest carmaker, agreed to buy a 19.9% stake in Suzuki for $2.5 billion and the latter would invest half the amount to pick up a stake in the German carmaker. The move could make both companies a powerhouse in India in the coming years.
The stake buy could also boost Volkswagen's fortune in India. The companies also reached a common understanding to meet the growing challenges and develop hybrids and electric vehicles under both car brands.
The stake buy could also boost Volkswagen's fortune in India. The companies also reached a common understanding to meet the growing challenges and develop hybrids and electric vehicles under both car brands.
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