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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.

Suzuki to Close Spanish Motorcycle Factory

The digital ink is still wet on news of American Suzuki declaring bankruptcy and shutting down its car business to focus on powersports and marine products, and now there’s more bad news for the Japanese manufacturer. Suzuki announced it will close its motorcycle factory in Gijón, Spain, in March, 2013, shutting the company’s sole European production plant. The factory has been producing motorcycles and scooters for Suzuki since 1984, with the manufacturer taking 100% ownership of the factory.

Suzuki Teases New Cruiser

Friday morning, May 24, Suzuki will be unveiling a few new models. Details beyond that are slim, but Suzuki has sent us a teaser rendering of one of the models, shown above. The image isn’t very large at all, but judging by the headlight shape, we’re guessing it’ll be part of the M line of cruisers.