Suzuki Motor Corp., the Japanese automaker 20 percent owned by Volkswagen AG, is discussing the responsibilities of its partnership with Europe’s biggest carmaker while seeking other alliances.
Suzuki is talking with VW about "what the two companies agreed upon" rather than new projects or cars, Yasuhito Harayama, Suzuki executive vice president, told reporters Monday in Hamamatsu, Shizuoka Prefecture. "We can’t cooperate unless we are equal partners."
The Japanese automaker is seeking alliances after last month broadening its agreement with Fiat SpA’s Powertrain unit to supply diesel engines for the Suzuki SX4, Harayama said. Volkswagen paid $2.5 billion for the Suzuki stake in January 2010 to expand in India, where the Maruti Suzuki India Ltd. unit makes almost half the cars sold in the country.
Read the rest of the story: Suzuki discussing VW cooperation, other ties.