Volkswagen and Suzuki establish long-term partnership

[bodhi_tree777]

http://www.vwvortex.com/artman...shtmlI wonder if we'll start seeing more of this, with smaller manufacturers teaming up, so to speak, to develop more efficient vehicles and alternative technologies. Good news, hopefully, as VW has been throwing around some pretty impressive concepts of late.Tokyo/Wolfsburg, 09 December 2009 - Volkswagen Aktiengesellschaft and Suzuki Motor Corporation have reached a common understanding to establish a close long-term strategic partnership. A framework agreement has been signed by representatives of both companies today.In terms of global presence and product diversity, the partnership marks an important step towards the future for both Volkswagen and Suzuki. In terms of product portfolio, global distribution and manufacturing capacities, Volkswagen and Suzuki ideally complement each other. The companies plan a joint approach to the growing worldwide demand for more environmentally friendly vehicles. The management of Volkswagen and Suzuki have concluded that the complementary strengths of each company make for a perfect fit in exploiting their respective advantages as well as rising to the challenge of the global market.In the automotive industry, where globalization and diversification proceed in parallel, both companies will establish a cooperative relationship while respecting each other’s independence as a stand-alone entity. Both parties are focused on achieving synergies in the areas of rapidly growing emerging markets as well as in the development and manufacturing of innovative and environmentally friendly compact cars.To support a smooth development of this relationship, Volkswagen will purchase 19.9% of Suzuki’s issued shares. The Closing of the transaction is subject to approval of the relevant authorities and is expected in January 2010. Suzuki intends to invest up to one half of the amount received from Volkswagen into shares of Volkswagen. Both companies will form a long-term strategic partnership based on this which will support their successful strategies in these challenging times.As demand continues to rise for smaller cars and for powertrains with higher fuel efficiency and lower CO2 output, Volkswagen and Suzuki will offer a compelling solution for customers in emerging markets buying a car for the first time and also for customers in advanced economies seeking to lower their CO2 footprint while still enjoying the freedom of transport offered by an exciting range of cars.

[northvibe]

I hope suzuki doesnt use any vw parts hahah it would tarnish the reliability

[Whelan]

Maybe VW can utilize Suzuki's proven, cheap and reliable AWD system in small cars. The only drive they have is 4motion based on the Audi Quattro which is quite pricey. The Jetta, Golf, GTI don't have AWD variants as of yet. The R32 was AWD but again, pricey. If they can implement that it would definitely be a plus.

[lunarcrusader]

if a car ever comes out from them... watch out lol