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Suzuki says to buy back Volkswagen stake for up to $3.9 billion

2015-09-16 11:50:29| Automakers - Topix.net

Suzuki Motor Corp is buying back the 19.9 percent stake held by top shareholder Volkswagen AG for up to $3.9 billion, after an international arbitration court last month ordered the German automaker to sell its holding. The Japanese automaker said it will repurchase on Thursday as many as 122.77 million shares at Wednesday's closing price of 3,842.50 yen per share for up to 471.74 billion yen via the Tokyo Stock Exchange's off-hours trading system before the market open.

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Volkswagen AG

2015-09-16 10:44:02| Automakers - Topix.net

Volkswagen AG is a Germany-based automobile manufacturer. The Company consists of four business segments namely: the Passenger Cars and Light Commercial Vehicles segment, engaged in the development of vehicles and engines, the production and sale of passenger cars and light commercial vehicles, and the genuine parts business; the Trucks and Buses segment, engaged in the development, production and sale of trucks and buses from the Scania and MAN brands, the corresponding genuine parts business and related services; the Power Engineering segment, that combines the large-bore diesel engines, turbo machinery, special gear units, propulsion components and testing systems businesses, and the Financial Services segment, that comprises dealer and customer financing, leasing, banking and insurance activities, as well as fleet management.

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Volkswagen introduces new MQB-based Tiguan at Frankfurt; plug-in hybrid concept

2015-09-15 12:55:36| Green Car Congress

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Volkswagen Group brings new Audi and Porsche EV concepts, Volkswagen PHEV concept to Frankfurt; 20 more plug-ins by 2020

2015-09-14 23:55:30| Green Car Congress

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RobecoSAM annual review names Volkswagen Group worlds most sustainable automaker

2015-09-13 13:55:30| Green Car Congress

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