Suzuki's CEO claims reports saying VW will take a 10 per cent stake in the firm are false
30 June 2009

Suzuki’s CEO has denied reports that Volkswagen is set to take a 10 per cent stake in the Japanese manufacturer.

Last week, it was reported that Suzuki and VW could be working together on a microcar for the Asian markets. Part of the deal would have seen VW take a 10 per cent stake in Suzuki.

" target="_self">VW/Suzuki microcar tie-up

But commenting on the reports in the Japanese press, Osamu Suzuki said: “So far there's been absolutely no contact with Volkswagen. Lately, we've been the victim of a lot of rumors.”

See all the latest Suzuki reviews, news and video

The news of Suzuki and VW’s potential tie-up last week pushed up shares in the Japanese firm by 5.5 per cent, but after the CEO’s comments, they fell 2.5 per cent.

See all the latest Volkswagen reviews, news and video

Mark Tisshaw

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