Cars
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 disband their partnership.
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Cars
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 disband their partnership.
The VW Group said it will keep its stake in Suzuki Motor Corp. "unchanged," adding "the discussion between both parties will be exclusively conducted internally" and that "it will not comment on any further speculation."
Read more »- Bmw Rep Says Toyota's Sports Car Will Have A Unique Design, Insider Hints At 6-series-based Supra
The recent deal signed between the BMW Group and Toyota Motor Corp that includes the joint development of platform architecture and components for a future sports car, has spurred speculation and rumors about the type of model that could come out of...
- 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...
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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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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...
- Breaking News: Ford Planning To Sell Mazda Shares
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