Cars
Volkswagen and Suzuki Reportedly “Not Talking to Each Other"
“They are not talking to us, so we have no plans to talk to themâ€: it could be a high-school argument between two opposing teams, but in this case it involves Volkswagen and Suzuki, and the words came out of the mouth of the Japanese company's chairman, Osamu Suzuki’s, according to a report from Bloomberg news. It all began in March when a VW report said that it “could significantly influence financial and operating policy decisions†at Suzuki, which it described as an “associateâ€.
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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...
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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...
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Volkswagen Agrees To Buy 19.9 Stake In Suzuki As It Eyes Small Car And Indian Markets
Confirming rumors that have been circulating for the past few months, Volkswagen and Suzuki announced on Wednesday that they have reached a common understanding to establish a close long-term strategic partnership.Under the agreement, VW will buy a 19.9...
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Suzuki Reportedly Cancels 2010 Kizashi Sedan
According to a report in Japan's daily business newspaper, Nikkei, Suzuki has 'shelved plans' to introduce the production version of the Kizashi concept vehicle series. Suzuki's planned midsize sedan, blueprints of which had been leaked...
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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...
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