Suzuki not interested in further offers from Volkswagen
Suzuki’s CEO is talking tough about speculation that Volkswagen will expand its 19.9 percent stake in his Japanese small car company in the future.
Osamu Suzuki said he anticipates the day when the Germans come knocking on the door of his successful business and already has a response worked out.
“It is only natural perhaps that Volkswagen will say: ‘We think you are a great company. We want more of your shares’.
“When that day comes, probably Suzuki will respond by saying “Look, we have been able to succeed so well until now because of this current relationship we have with you ... Let’s not to do anything to change it’,” he said.
The two manufacturers agreed to a $2.8 billion deal in December last year, allowing Suzuki to spread its wings and VW to focus on the Asian small car market. The agreement is expected to be finalised in February.
The alliance has already begun work on joint projects, with Mr Suzuki confirming in December that it would produce a competitively priced small car for developing countries.
(with AFP)
Video: ‘Top Gear Australia’ first preview and release date
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Video: ‘Top Gear Australia’ first preview and release date
