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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 Motor Of America Announces New President

Since Suzuki Motor of America restructured after filing for bankruptcy, dropping its auto line and focusing on the powersports business, some changes are being made internally as well. President Seiichi Maruyama is leaving his post Taking his place is former Executive Vice President Toru Muraki.  Also as part of the restructuring, Takuya Sato is named Executive Vice President overseeing the company’s marine operations. “Toru Muraki’s global motorcycle experience further positions Suzuki Motor of America, Inc.

WSBK: 2012 Miller Results

Marco Melandri earned BMW its second ever World Superbike victory to move into second place in the championship standings behind Max Biaggi in the series’ only stop in the United States. Melandri won a red-flagged Race Two at Utah’s Miller Motorsports Park after finishing second to defending WSBK Champion Carlos Checa in Race One to give him 142.5 points on the season, tied with Kawasaki‘s Tom Sykes but behind Aprilia‘s Biaggi who leads the way with 160.5 points. Race One Highlights Get the Flash Player to see this player.