Recently Volkswagen purchased a 19.9-percent share of Suzuki which make them the largest shareholder in the Japanese company. Not expected, however, over the next few years, the German carmaker is about to increase the already acquired shares.
Suzuki considered that 19.9% will be sufficient for both companies to share technology for the production of small cars and diesel units. On this occasion, the Japanese are not willing to further strengthen its interaction with Volkswagen.
“When Suzuki is becoming more and more stable company, probably Volkswagen will be willing to buy more of our shares. If that happens, we will respond to the leadership of the German company in the following way: Let things remain as they are now” – said Osamu Suzuki, CEO of Japanese company.
VW even announced that they are not currently planning to buy a majority stake in the Japanese company, but the boss Ferdinand Piyh shared ambitions to increase holdings of its brands from 10 to 12. Currently Suzuki has a good impact on the automotive market in India and Japan and this will be useful for Volkswagen, whose leadership terminate our business relationship with Toyota. Buying a bigger share of the Japanese company will build on Volkswagen in these two regions and will help them achieve their plans to become the biggest carmaker in the world until 2018.
