Lex

Lex: Volkswagen / Suzuki

Volkswagen is to pay Y222.5bn ($2.5bn) to buy a 19.9 per cent stake in Japan's Suzuki Motor in a deal that would create the world's largest carmaker alliance. The German car group confirmed it had agreed to form a "comprehensive partnership" with Suzuki, adding that both companies' management had concluded their complementary strengths made them a "perfect fit". Neil Buckley analyses the reasons behind the move.