Suzuki to reconsider ties with PSA/Peugeot-Citroen and Renault
By Andrew C., 27 Aug, 2010. 0 Comments
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After deciding to end development projects with General Motors Co. for hybrid and fuel-cell technologies in February, Suzuki Motor Corp. said that it would reconsider ties with PSA/Peugeot-Citroen and Renault SA. Suzuki had recently entered an alliance with Volkswagen AG and following that event, it is carrying out an operational review. In line with the comprehensive tie-up, VW became Suzuki's biggest shareholder with a 19.9%. Cross-shareholding between the two companies is part of the pact. General Motors had once been Suzuki's top shareholder. Suzuki had relied on GM heavily for help in developing hybrid and fuel-cell technologies. Osamu Suzuki, chairman and chief executive, said at the briefing in Hamamatsu, central Japan, that the alliance with VW means that in every aspect that relates to hybrid, diesel and electric cars, Suzuki would either be taught their technology or carry out a joint effort.
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