Suzuki and Volkswagen last month announced a comprehensive tie-up, and Volkswagen, on Friday became Suzuki’s biggest shareholder with a 19.9 per cent stake. Cross-shareholding between the two companies is part of the pact. He said Suzuki plans to procure diesel engines from Volkswagen, and will review its ties with PSA Peugeot Citroen and Renault SA, which currently supply diesel engines to Suzuki.
(Published 15 January 2010, 16:04 IST)
JOIN US