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 Post subject: Officially Official: VW buys Suzuki
PostPosted: Wed Dec 09, 2009 6:01 am 
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Joined: Sun Jul 26, 2009 5:58 pm
Posts: 409
Location: Seattle WA USA
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The Europeans just can't keep their hands off of Japanese car companies. Renault has owned a controlling interest in Nissan for several years now, and Mitsubishi is likely going to become a part of PSA Peugeot-Citroën. Now Volkswagen has officially announced they are buying a 19.9% share of Suzuki, with Suzuki using half of that money to buy shares in VW. They'll be run separately for now, but VW could buy up to 33% of Suzuki for a controlling share. Suzuki gets access to VW technology and VW gets instant access to several small car platforms and Suzuki's presence in India and Southeast Asia.

And Ferdinand Piëch finally gets that motorcycle company he's been jonesin' for.

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 Post subject:
PostPosted: Thu Dec 10, 2009 12:05 am 
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Joined: Thu Jan 18, 2007 5:41 pm
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Location: LA
I'm more concerned about the fate of the motorcycle company than the car company. :?

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 Post subject:
PostPosted: Thu Dec 10, 2009 1:03 am 
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Joined: Tue Jan 15, 2008 3:40 am
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Location: Villeneuve, Qld, Australia
Wow, yet another. Maybe we should pass the tin around JNC and see what coin we can raise and buy them for us?

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Too many Mazda's in the collection. 4 Mitsubishi's, 6 Toyota's and now 3 Datsun's as well.
Putting together a Mazda/Japanese motor museum. New bigger venue for the museum has been bought, watch this space!


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 Post subject:
PostPosted: Thu Dec 10, 2009 4:20 pm 
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Joined: Sat Sep 13, 2008 9:10 pm
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Location: Boston, Assachusetts
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Yeah, what he said.

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