, Columnists
Suzuki's Indian White Knight
A merger with Maruti could have strong advantages.
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When a fuel-testing scandal caused Mitsubishi Motors to lose about 40 percent of its market value in three weeks, Nissan lost no time riding to the rescue with a $2.2 billion bailout. Now it's Suzuki's turn to be a damsel in distress.
Shares in the Japanese automaker slumped as much as 15 percent Wednesday after it admitted problems in the way it tested the fuel efficiency of 2.1 million vehicles. They rebounded almost 8 percent on Thursday before giving up some of the gains, but the question remains: Who would be Suzuki's white knight, should it need one?