The CEO of Suzuki shoots down rumors involving Volkswagen investment

Posted on Thursday, 2 July 2009 , 14:07:20 byEmil

Filed under suzukiceorumorvwvolkswageninvestmentjapanSuzukiVolkswagen

The CEO of Suzuki shoots down rumors involving Volkswagen investment

Osamu Suzuki - Suzuki CEO says the Japanese carmaker didn't discuss with Volkswagen about a small auto alliance featuring investment from this German manufacturer. Reports out last week... Japan indicated VW was looking to buy ten % piece of Suzuki.


'So far there’s been absolutely no contact (with Volkswagen)' Osamu Suzuki reported to Chunichi Shimbun. 'Lately, we’ve been the victim of a lot of rumors'. However, at the time Reuters queried it, the spokesperson of Suzuki could not really confirm the statements of the CEO.

The small auto sales at Suzuki continue prospering, but the rest of all its models are generally down, struggling... globally.