Cars
In a move more or less anticipated after the recent publication of Volkswagen's internal review that accuses Suzuki of breaking a contract agreement between the two companies by purchasing diesel engines from Fiat, the Japanese carmaker said it will abort its alliance with the German group.
- Unhappily Ever After: Suzuki Says Vw Deal Is Terminated, Wolfsburg Doesn’t Think So…
Suzuki announced today that the cooperation agreement with VW has been terminated and threatened to take the case to an international court for arbitration if the German company continues to hold on to its 19.9% stake. “In the absence of VW’s...
- Vw Group Says "nein" To Suzuki's Request To Return Its Shares
The feud between Volkswagen Group and Suzuki Motors Corp. continued on Monday as the German automaker issued a press statement saying that it has no intention to sell its 19.9 percent stake in the Japanese company despite the latter's request to...
- Suzuki Tells Volkswagen To Take Back Statements On Breached Contract Or Else…
Hell hath no fury like a woman Suzuki scorned. On Thursday, the Japanese carmaker's CEO, Osamu Suzuki, sent a letter to his counterpart at VW demanding that the German group retracts its statement about Suzuki breaching their 2009 contract. The spark...
- Official: Vw Says Suzuki Violated Agreement By Purchasing Diesel Engines From Fiat
It's no secret that Volkswagen's business relationship with Suzuki after the Germans acquired a 19.9 percent of the Japanese manufacture's shares in December 2009 under a strategic cooperation has been a deeply troubled one. However, up until...
- Gm Sells Leftover Suzuki Stake To Raise Cash
While awaiting a decision on a $25 billion U.S. government aid for the auto industry, cash-strapped General Motors decided to sell back its 3.0 percent stake in Suzuki Motor Cooperation for 22.37 billion yen or $230 million. Suzuki issued an official...
Cars
Suzuki wants to Dissolve Partnership with Volkswagen, but the Germans Say ‘Nein’
In a move more or less anticipated after the recent publication of Volkswagen's internal review that accuses Suzuki of breaking a contract agreement between the two companies by purchasing diesel engines from Fiat, the Japanese carmaker said it will abort its alliance with the German group.
Suzuki's announcement comes almost two years after it forged a partnership with Volkswagen. The German had acquired a 19.9 per cent stake in Suzuki Motor Corp in December 2009 for 225 billion Yen (then, approx US$2.5 billion) while the Japanese automaker agreed to invest up to one half of the amount received from the German automaker into shares of Volkswagen.
Read more »- Unhappily Ever After: Suzuki Says Vw Deal Is Terminated, Wolfsburg Doesn’t Think So…
Suzuki announced today that the cooperation agreement with VW has been terminated and threatened to take the case to an international court for arbitration if the German company continues to hold on to its 19.9% stake. “In the absence of VW’s...
- Vw Group Says "nein" To Suzuki's Request To Return Its Shares
The feud between Volkswagen Group and Suzuki Motors Corp. continued on Monday as the German automaker issued a press statement saying that it has no intention to sell its 19.9 percent stake in the Japanese company despite the latter's request to...
- Suzuki Tells Volkswagen To Take Back Statements On Breached Contract Or Else…
Hell hath no fury like a woman Suzuki scorned. On Thursday, the Japanese carmaker's CEO, Osamu Suzuki, sent a letter to his counterpart at VW demanding that the German group retracts its statement about Suzuki breaching their 2009 contract. The spark...
- Official: Vw Says Suzuki Violated Agreement By Purchasing Diesel Engines From Fiat
It's no secret that Volkswagen's business relationship with Suzuki after the Germans acquired a 19.9 percent of the Japanese manufacture's shares in December 2009 under a strategic cooperation has been a deeply troubled one. However, up until...
- Gm Sells Leftover Suzuki Stake To Raise Cash
While awaiting a decision on a $25 billion U.S. government aid for the auto industry, cash-strapped General Motors decided to sell back its 3.0 percent stake in Suzuki Motor Cooperation for 22.37 billion yen or $230 million. Suzuki issued an official...