Suzuki has announced today that it will end jointly development hybrid and fuel-cell technology projects with General Motors as part of an operational review following its new alliance with Volkswagen.
Suzuki and Volkswagen last month announced a comprehensive tie-up which, as of last week, saw VW become Suzuki’s largest single shareholder on 19.9 per cent. Cross-shareholding between the two companies is part of the pact.
Suzuki had relied on General Motors, once its top shareholder, for help in developing hybrid and fuel-cell technologies. Suzuki Chairman and CEO, Mr Osamu Suzuki, said that those projects with GM would end in February.
“Suzuki is in a comprehensive alliance with Volkswagen. In every field including hybrid, diesel and electric cars, we will carry out joint development with them, or we will learn from them,” said Mr Suzuki.
Mr Suzuki also said that Suzuki plans to procure diesel engines from VW and would review its ties with PSA/Peugeot-Citroen and Renault SA, which currently supply diesel engines to Suzuki.