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VW holds 19.9% of Suzuki shares.The two automakers agreed on a tie-up in December 2009, vowing to work together on technologies in areas such as hybrid and electric vehicles, and on expanding in emerging economies.
Suzuki later accused its German partner of withholding hybrid technology it had promised to share and demanded the return of the 19.9 per cent stake. Volkswagen for its part complained about Suzuki's purchase of diesel engines from Fiat SpA.
Japan's No.4 automaker by global sales volume filed for international arbitration in November 2011, after Volkswagen refused to sell back a 19.9 per cent stake in Suzuki it acquired in January 2010 for 1.7 billion euros ($2.3 billion).
And the await continues
Reuters had reported that a London-based arbitration court had wrapped up witness hearings and was expected to issue a ruling before the end of the year.
However,Chairman of Suzuki said it was unclear when an international arbitration court will rule on its 2-1/2 year dispute with Volkswagen AG over their failed partnership.
For India it would be good if the partnership works as newer technologies and a new era of Japanese - German vehicles could be accessible.
Suzuki chairman says unclear when court may rule on row with Volkswagen | ET Auto
VW holds 19.9% of Suzuki shares.The two automakers agreed on a tie-up in December 2009, vowing to work together on technologies in areas such as hybrid and electric vehicles, and on expanding in emerging economies.
Suzuki later accused its German partner of withholding hybrid technology it had promised to share and demanded the return of the 19.9 per cent stake. Volkswagen for its part complained about Suzuki's purchase of diesel engines from Fiat SpA.
Japan's No.4 automaker by global sales volume filed for international arbitration in November 2011, after Volkswagen refused to sell back a 19.9 per cent stake in Suzuki it acquired in January 2010 for 1.7 billion euros ($2.3 billion).
And the await continues
Reuters had reported that a London-based arbitration court had wrapped up witness hearings and was expected to issue a ruling before the end of the year.
However,Chairman of Suzuki said it was unclear when an international arbitration court will rule on its 2-1/2 year dispute with Volkswagen AG over their failed partnership.
For India it would be good if the partnership works as newer technologies and a new era of Japanese - German vehicles could be accessible.
Suzuki chairman says unclear when court may rule on row with Volkswagen | ET Auto
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