Volkswagen and Suzuki to establish strategic partnership

Volkswagen Aktiengesellschaft and Suzuki Motor Corp. have reached a common understanding to establish a close long-term strategic partnership. The companies plan a joint approach to the growing worldwide demand for more environmentally friendly vehicles. To support a smooth development of this relationship, Volkswagen will purchase 19.9% of Suzuki’s issued shares. The closing of the transaction is subject to approval of the relevant authorities and is expected in January 2010. Suzuki intends to invest up to one half of the amount received from Volkswagen into shares of Volkswagen. (December 11, 2009)