VW, Suzuki may join hands in eco-car race
Volkswagen and Suzuki are likely to help each other develop an eco-car project in Thailand, according to a source in the automotive industry.
A senior official at the Board of Investment (BoI) confirmed the German and Japanese automakers were negotiating about collaborative possibilities.
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Source: VW, Suzuki may join hands in eco-car race
A senior official at the Board of Investment (BoI) confirmed the German and Japanese automakers were negotiating about collaborative possibilities.
Quote from the article:
Suzuki reaffirmed its stand to go ahead with its 7.5-billion-baht eco-car venture in Thailand at a groundbreaking ceremony for a new plant late last year. Volkswagen, Europe's largest automaker, was among seven automakers applying for promotional privileges from the BoI. The state agency approved the proposals of six companies but asked for additional details from the German automaker. The industry source said that Volkswagen had now embarked on a new push and was negotiating with Suzuki about jointly developing the small, fuel-efficient cars in Thailand. The move came after both automakers recently established a long-term strategic partnership under which Volkswagen bought a 19.9% stake in Suzuki and the Japanese automaker in turn invested up to half of the amount received into shares of Volkswagen. |
Source: VW, Suzuki may join hands in eco-car race
