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This is an archive article published on December 9, 2009

Volkswagen to buy 19.9% stake in Suzuki

Suzuki said Volkswagen will take a 19.9 per cent stake in it for about $2.5 billion.

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Suzuki Motor Corp said Volkswagen will take a 19.9 per cent stake in it for about 222.5 billion yen ($2.5 billion) as part of an alliance between the two automakers.

Suzuki,Japan’s fourth-largest automaker,said it would hold a news conference at 0800 GMT to brief on the capital alliance. Chairman and Chief Executive Officer Osamu Suzuki will attend,it said.

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