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Suzuki, GM to end Canada partnership
Suzuki, GM to end Canada partnership
Posted on Friday, December 4th, 2009 at 2:10 PM EST. (Employee News)
General Motors Co. and Suzuki Motor Corp. have agreed to end their joint venture in Canada, leaving GM without a Japanese automaking partner after also severing manufacturing links with Toyota, the Associated Press reported.
Suzuki said Friday it will sell its 50 percent stake in CAMI Automotive Inc. to GM for an undisclosed price, the news service said. The deal marks the demise of a nearly three-decade relationship between the two companies and gives GM full control of the factory, the AP said.
GM ended its Fremont, Calif., joint venture with Toyota Motor Corp., the world’s No. 1 automaker, earlier this year, the report noted. CAMI, based in Ingersoll, Ontario, was established in 1986 to provide GM an opportunity to offer economy cars and to give Suzuki access to the North American market, the story said. (Associated Press/The Detroit News)
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Rick
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