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The deal comes just days after VW announced that it would take a 49.9 per cent stake in Porsche. The Suzuki deal would give VW a leg up in emerging markets, particularly the growing Indian market, where Suzuki dominates with its small cars.
Although unconfirmed, VW is preparing a $3.8 billion deal with the company and a tie-up is expected to be announced before the end of the year.There is also speculation VW may push for a controlling stake in the Japanese company.
If the deal goes ahead, it would be Volkswagen's first big investment in a Japanese rival. However, spokesmen for both companies are refusing to comment on the deal.
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