Cars
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.
- Arbitration Court Rules Vw Has To Sell Its Suzuki Stake
VW will sell its stake in Suzuki Motor Corporation following a decision from an international arbitration court that ended a four-year dispute over a failed partnership between the carmakers. Read more »...
- 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...
- 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...
- Suzuki Announces New Coo
Japan's Suzuki Motor Corporation today announced a high-level management change with the appointment of Osamu Suzuki as the company's new president and COO -short for Chief Operating Officer. Osama Suzuki, who is also the firm's chairman and...
- 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
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 cooperation and given its failure to do what was agreed, there is no basis for the partnership to continue,†Osamu Suzuki, CEO of the Hamamatsu-based carmaker said today. “We will now work to restore the relationship between Suzuki and VW to its original state as independent parties who do not restrict each other.â€
Read more »- Arbitration Court Rules Vw Has To Sell Its Suzuki Stake
VW will sell its stake in Suzuki Motor Corporation following a decision from an international arbitration court that ended a four-year dispute over a failed partnership between the carmakers. Read more »...
- 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...
- 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...
- Suzuki Announces New Coo
Japan's Suzuki Motor Corporation today announced a high-level management change with the appointment of Osamu Suzuki as the company's new president and COO -short for Chief Operating Officer. Osama Suzuki, who is also the firm's chairman and...
- 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...