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Volkswagen Buys 20 Percent Share in Suzuki

Months of rumors and a more credible report yesterday have culminated in the official news that Volkswagen will take a 20 percent share in Japanese automaker Suzuki, worth $2.5 billion. Volkswagen has its sights set on becoming the world’s largest automaker and with Suzuli’s small-car expertise, it hopes to make a large expansion into developing markets, like India. The news comes just a day after VW officially took a 49.9 percent stake in Porsche.

Suzuki Forms Joint Venture for Developing Fuel Cell Technology

Suzuki announced it is partnering with U.K.-based Intelligent Energy Holdings to form a joint venture for developing fuel cell systems. The new joint venture, SMILE FC System Corporation, will work on developing fuel cell systems for both motorcycles and automobiles. Intelligent Energy, with its fuel cell expertise and Suzuki, with its mass production capabilities, will each have 50% share of SMILE FC.

Suzuki Reports Q2 2013-2014 Sales Results

Suzuki reported a 22.9% increase in net sales from motorcycles for the six month period ended Sept. 30, 2013, despite a 10.3% decrease in motorcycle sales volume over the same period. According to Suzuki’s second quarter financial report, the Japanese manufacturer sold 1.056 million motorcycles in the first half of the 2013-2014 fiscal year.