VW took Shares Up to 20 percent of Suzuki.

Tokyo - When rumors circulated earlier Volkswagen AG will take a stake of 10 percent of Suzuki, it recently Volkswagen announced plans to take Suzuki Motor Corp. shares up 20 percent.

As reported by Reuters on Tuesday (9/12/2009) three sources with direct knowledge of the negotiations said on Tuesday, which means that VW plans closer to realization alone.

One source, who asked not to be identified because the information is not public, said the Volkswagen stock could "easily" rise to control more than a third of Suzuki Motor Corp. shares.

"His decision will be announced at the beginning of this week. This is the first step," said the source.

As many as 20 per cent stake in Suzuki will be worth about 250 billion yen (U.S. $ 2.8 billion) at current prices. However, responding to it, a spokesman at Volkswagen and Suzuki had no comment.