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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.

Shots Fired at Suzuki Motorcycle India Factory as Labor Strife Heats Up

A man is facing charges after reports of gunshots and employees allegedly assaulted with glass bottles at Suzuki’s motorcycle plant in Gurgaon, India, as workers demonstrated in a sympathy strike in support of their counterparts at a Suzuki automobile plant. According to the Indian Express, a man representing a company which supplies contract workers for Suzuki Motorcycle India allegedly fired his gun into the air and assaulted workers with beer bottles to intimidate them into calling off the strike. Two people were reportedly injured by thrown bottles.

Suzuki Reports 2012-2013 Fiscal Year Results

Suzuki reported an operating loss of 11.9 billion yen (US$117.1 million) from its motorcycle business for its fiscal year ended March 31, 2013. The loss stems from a 10.7% decrease in motorcycles sales and a 9.6% decline in motorcycle revenue from its 2012-2013 fiscal year. According to Suzuki‘s year-end report, motorcycles accounted for 230.3 billion yen in sales revenue, down 254.8 billion yen reported the previous year.