Latest OEM tie-up moves
The announcement that Volkswagen and Suzuki are to 'establish a close long-term strategic partnership' appears to hold many pluses and few negatives for both parties. Dave Leggett considers the potential benefits of a tie-up for both companies
ANALYSIS: Industrial logic drives VW and Suzuki tie-up
10 December 2009
The announcement that Volkswagen and Suzuki are to 'establish a close long-term strategic partnership' appears to hold many pluses and few negatives for both parties. Dave Leggett considers the potential benefits of a tie-up for both companies
GERMANY/JAPAN [updated 15:55GMT]: Volkswagen and Suzuki ink strategic partnership
9 December 2009
Volkswagen AG and Suzuki Motor Corporation on Wednesday said they had agreed “to establish a close long-term strategic partnership”. A framework agreement was signed by both automakers today.
CHINA: Upbeat Geely looks for acquisitions
8 December 2009
Geely Auto aims to sell a third more vehicles next year and will continue to seek acquisition opportunities.
CHINA: SAIC, GM, to expand cooperation in Asia
4 December 2009
China's Shanghai Automotive Industry Corporation Group (SAIC) and General Motors Company on Friday said they would extend their cooperation in Asia to include model sharing and manufacturing facilities in India.
JAPAN/FRANCE: Mitsubishi shares soar on PSA talks news
3 December 2009
Shares in Mitsubishi Motors Corporation (MMC) soared more than 20% on Thursday after the Nikkei business daily reported PSA Peugeot Citroen was in talks to spend up to JPY300bn (US$3.4bn) to acquire a 30-50% stake in the Japanese automaker. PSA itself would confirm only it had “started discussions with Mitsubishi Motors Company (sic) concerning the possibility of extending their relationship”.
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