Bloomberg News

VW’s Reclassification of Suzuki Implies No Softening, CFO Says

October 27, 2011

Oct. 27 (Bloomberg) -- Volkswagen AG has “reclassified” its holding in Suzuki Motor Corp. to “fair value,” Chief Financial Officer Hans Dieter Poetsch said today on a conference call. VW has “no plans” to reduce its 19.9 percent stake in the Japanese carmaker and the reclassification implies “no softening” in VW’s stance, Poetsch said.

To contact the reporter on this story: Andreas Cremer in Berlin at acremer@bloomberg.net

To contact the editor responsible for this story: Andreas Cremer at acremer@bloomberg.net


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