VW eyes stake in Suzuki, report says

Volkswagen looks to stake an ownership stake in Suzuki Motor Co. by the end of this year, according to a report in Automobilwoche, a sister publication of AutoWeek.

"We expect that there will be a basic agreement this year," the German-language publication quoted an unnamed Suzuki executive as saying. "For Suzuki and VW, this connection would be a win-win situation. Suzuki would have access to a variety of VW's technology, while Volkswagen would have a solid supporting leg in India and Southeast Asia."

VW would not comment on the report. Officials of Suzuki in Germany could not be reached for comment.

VW is in the process of buying 42 percent of Porsche AG for $4.85 billion--a reversal of a Porsche bid to take control of VW that was launched a year ago.

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