Volkswagen

19.9% Suzuki Stake to be Purchased by VW to Boost Presence in Indian Market

19.9% Suzuki Stake to be Purchased by VW to Boost Presence in Indian Market

In a deal which will cost Europe's top ranked and largest automobiles manufacturer a whooping 222.5 Billion Yen ($2.5 Billion), Volkswagen has agreed to purchase a 19.9% stake in Suzuki Motor Corp. to boost its presence in the Indian auto market.

On its part, Suzuki will spend almost 50% of the amount it receives from Volkswagen to buy the company's shares. The deal has been confirmed by both the parties involved and is now subject to all regulatory approval and is most likely to be completed by January.

Year 2013 to see Volkswagen Electric Cars arriving in market

Year 2013 to see Volkswagen Electric Cars arriving in market

Friday saw Volkswagen CEO Martin Winterkorn in talks with an industry group, in which he specified that Europe's largest automaker is mulling over the roll out of an array of electric cars on the market by 2013.

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