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Volkswagen Buys 20 Percent Share in Suzuki

Months of rumors and a more credible report yesterday have culminated in the official news that Volkswagen will take a 20 percent share in Japanese automaker Suzuki, worth $2.5 billion. Volkswagen has its sights set on becoming the world’s largest automaker and with Suzuli’s small-car expertise, it hopes to make a large expansion into developing markets, like India. The news comes just a day after VW officially took a 49.9 percent stake in Porsche.

Schwantz Headlines 2012 Isle of Man TT Parade Lap

Former 500cc World Champion Kevin Schwantz headlines a star-studded group of racers taking part in a parade lap during the 2012 Isle of Man TT. Schwantz leads the group of six racers, past and present, selected by helmet-maker Arai to take part in the parade lap of the Isle of Man’s Mountain Course. Schwantz has visited the Isle of Man before, but this will mark his first closed lap of the circuit.

Suzuki to Relocate R&D Facility to Lower Tsunami Risk Area

Suzuki is considering moving its motorcycle research facility from its current coastal location to its main factory in Hamamatsu, Japan, to decrease the risk of damage from future tsunamis. According to a report in the Nikkei business daily, Suzuki is acquiring more land in Hamamatsu to house the research center and other facilities. Suzuki CEO Osamu Suzuki first brought up the idea to relocate some of its higher risk coastal properties during its 2011-2012 fiscal year forecast report.