Suzuki Denies Talks With Volkswagen
After news reports late last week that Suzuki was in talks with Volkswagen, the Japanese automaker’s CEO has officially denied the story.
“So far there’s been absolutely no contact (with Volkswagen),” said Chief Executive Osamu Suzuki to the Chunichi Shimbun daily. “Lately, we’ve been the victim of a lot of rumors (of equity tie-ups and cooperation deals).”
Reuters cited an unnamed source claiming that VW was in talks with Suzuki to take a 10 percent stake in the automaker and engage in a partnership to build mini cars for emerging markets. The new vehicle was reported to be even smaller than the Volkswagen Up! concept, which is slated to go on sale in 2011.
[Source: Reuters]
With AutoGuide from its launch, Colum previously acted as Editor-in-Chief of Modified Luxury & Exotics magazine where he became a certifiable car snob driving supercars like the Koenigsegg CCX and racing down the autobahn in anything over 500 hp. He has won numerous automotive journalism awards including the Best Video Journalism Award in 2014 and 2015 from the Automotive Journalists Association of Canada (AJAC). Colum founded Geared Content Studios, VerticalScope's in-house branded content division and works to find ways to integrate brands organically into content.
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