Filed under: Economy, Japan, Suzuki, Volkswagen, Earnings/Financials, India, Rumormill

Hear about those reports last week of a potential tie-up between Suzuki and Volkswagen for microcar development? Osamu Suzuki, chief executive at the automaker that bear his name, heard the same rumors that we did, and they apparently came as news to him. Though Suzuki falls short of denying outright that any potential deal could be struck, he told the Chunichi Shimbun daily (via Reuters:

So far there's been absolutely no contact (with Volkswagen). Lately, we've been the victim of a lot of rumors (of equity tie-ups and cooperation deals).

Suzuki sells more mini cars - albeit tiny 660cc Kei urban runabouts - in Japan than any other automaker not named Toyota, yet it has a limited footprint in most other markets. Thus, it's not surprising that rumors of impending partnerships are common. In this case, though, it would seem that reports of a potential 10% stake by VW are at least a bit premature.

Gallery: Suzuki Alto Lapin

[Source: Reuters]

REPORT: Suzuki CEO denies talks with VW amidst tie-up rumors originally appeared on Autoblog on Mon, 29 Jun 2009 18:00:00 EST. Please see our terms for use of feeds.

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