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 Suzuki Denies Talks With Volkswagen |
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Jun 30, 2009 - 2:56 PM - by Administrator
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After news reports late last week that Suzuki was in talks with Volkswagen, the Japanese automaker's CEO has officially denied the story.
"So far there's been absolutely no contact (with Volkswagen)," said Chief Executive Osamu Suzuki to the Chunichi Shimbun daily. "Lately, we've been the victim of a lot of rumors (of equity tie-ups and cooperation deals)."
Reuters cited an unnamed source claiming that VW was in talks with Suzuki to take a 10 percent stake in the automaker and engage in a partnership to build mini cars for emerging markets. The new vehicle was reported to be even smaller than the Volkswagen Up! concept, which is slated to go on sale in 2011.
More: Suzuki Denies Talks With Volkswagen on AutoGuide.com
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0 Replies | 32 Views
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Volkswagen Looking To Buy Stake in Suzuki |
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Jun 26, 2009 - 12:30 PM - by Administrator
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Volkswagen is reportedly looking at purchasing a 10 percent stake in Suzuki as it looks to create a solid partnership with the Japanese automaker. The reason for VW's interest is Suzuki's expertise in mini cars - like the Suzuki Alto, pictured above.
The Alto is currently the best-selling vehicle in India and Volkswagen wants to make sure it has a strong presence in emerging markets.
Suzuki, while a small player in developed markets like North America, is actually Japan's second largest automaker if you count mini-car sales.
The partnership between the two automakers would see the development of a mini car to slot in under the upcoming small cars that will be based on the Volkswagen Up! concept (pictured below). The family of cars based on the Up! will be manufactured in Bratislava, Slovakia, are due out in 2011.
Representatives from both Volkswagen and Suzuki have denied to comment on the matter, but VW's CEO Ferdinand Piech has previously expressed interest in the Suzuki brand.
More: Volkswagen Looking To Buy Stake in Suzuki on AutoGuide.com
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0 Replies | 50 Views
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U.S. Automakers Must Adopt Diesels to Meet 2016 CAFE Standards says Bosch CEO |
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Jun 17, 2009 - 9:26 AM - by Administrator
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The CEO of auto parts supplier Bosch today told a crowd at the National Summit for Clean Transportation that U.S. automakers must adopt diesel technology in order to meet the strict new CAFE standards the Obama Administration has laid out. The new legislation will see fleet averages for passenger cars rise to 35.5 mpg for 2016, up significantly from 27.3 mpg for 2011.
The words of Bosch CEO Peter Marks were echoed by Borg Warner CEO Tim Manganello, who noted that diesel engines get 30 percent better fuel economy over gasoline engines, with 50 percent more torque, while emitting 25 percent fewer emissions.
Marks then called on General Motors, Chrysler and Ford to act now to bring diesels to the U.S.
Both men, whose companies make parts for fuel-efficient cars like the Volkswagen Golf TDI (pictured above), also expressed their lack of optimism in both the electric car and hybrids, noting that there are still several roadblocks in getting the electric car to the mass market and that hybrids don't often deliver the fuel-economy they are touted to.
Manganello said that "hybrids are not as attractive as the Page Ranking hype," noting that 72 percent of hybrid owners choose not to purchase a second one.
Of the Big Three, Ford Chairman Bill Ford was in attendance and came to the defense of both hybrids and electric vehicles, noting the critical acclaim that the 2010 Fusion Hybrid has achieved - not to mention its fuel-economy. And to rebuff the suppliers skepticism about bringing electric vehicles to market, Bill Ford stated that the Ford Motor Company has a pure electric vehicle coming out this year and an electric Focus the year afterward.
Using the opportunity to promote Ford's EcoBoost engine, a turbocharged V6 that gets V6 fuel economy and V8 power, Bill Ford did say that FoMoCo was ready with diesels if the North American market was open to them.
Ford is the second largest producer of diesel engines in Europe, he told the audience, before stating that if there was demand FoMoCo could easily bring them over for use in U.S. vehicles.
More: U.S. Automakers Must Adopt Diesels to Meet 2016 CAFE Standards says Bosch CEO on AutoGuide.com
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0 Replies | 109 Views
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