This is part of an article from BusinessWeek:
JAPAN December 9, 2009, 12:09PM EST
Now Volkswagen Takes Nearly 20% of Suzuki. VW stands to gain much: Suzuki dominates the fast-growing Indian market and the two companies' global sales will approach those of No. 1 Toyota
By Ian Rowley
Less than a week after PSA Peugeot Citroen and Mitsubishi Motors confirmed that they are exploring deeper ties, another European automaker is teaming up with a Japanese partner. At a press conference in Tokyo on Dec. 9, Volkswagen (VOW:GR) and Suzuki announced a deal of their own which will see the German automaker take a 19.9% stake in Suzuki, paying $2.54 billion. In return, Suzuki will take a 1.3% share of Volkswagen in the transaction, which is slated to take place in January.
... Suzuki could help Volkswagen close the gap on Toyota, the world's largest automaker: In 2008, Suzuki sold 2.36 million vehicles, making it the world's ninth-largest automaker, and Volkswagen, ranked third, sold 6.23 million vehicles. Toyota's sales were 8.97 million. ...
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