According to Reuters, Suzuki announced on Wednesday that will sell a 19.9 percent stake to Volkswagen for $2.5 billion and use half the proceeds to buy shares in the German automaker.
Suzuki will allocate 19.9 percent of itself to Volkswagen from its treasury stock.
Executives at Volkswagen, the world's third-largest automaker, have publicly said over the past half year that Suzuki would be an interesting target given its expertise in small cars -- a key segment to compete in emerging markets.
"Financially speaking, it's helpful for Suzuki to have a partner to ...
Built at Suzuki's brand-new manufacturing facility in Sagara, Japan, the 2010 Kizashi is equipped with a 2.4-liter DOHC inline four-cylinder engine.
Benefiting from an oversquare bore/stroke ratio and 10:1 compression, this newest Suzuki powerplant delivers 185 HP (@ 6,500 rpm) and 170 lb-ft of torque (@ 4,000 rpm) with the manual transmission. When mated to the performance-tuned CVT, the 2.4 liter DOHC inline four delivers 180 HP (@ 6,000 rpm). The twin cam four employs both an aluminum block and cylinder heads, providing a lightweight, compact installation; aluminum pistons with ...
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