Suzuki said Volkswagen will take a 19.9 per cent stake in it for about $2.5 billion.
Written by Reuters
Tokyo |
1 min read
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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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