Suzuki to end joint development projects with General Motors
By Andrew C., 27 Aug, 2010. 0 Comments
GM Logo
As part of an operational review following Suzuki's alliance with Volkswagen AG, Suzuki will end joint development projects with General Motors Co. for hybrid and fuel-cell technologies.
Last month, a comprehensive tie-up was entered between Suzuki and Volkswagen wherein VW became Suzuki's biggest shareholder with a 19.9% stake. Cross-shareholding between the two companies is part of the pact.
As a result, Suzuki's projects with GM will end in February. Suzuki had counted on General Motors, once its top shareholder, for assistance in developing hybrid and fuel-cell technologies.
At the briefing in Hamamatsu, central Japan, Osamu Suzuki, chairman and chief executive, said that Suzuki is in a comprehensive alliance with Volkswagen.
He stated that Suzuki will either jointly work with VW or learn from the European company in every field including hybrid, diesel and electric cars
Latest Auto Shows
