Suzuki and Volkswagen are at loggerheads because of Fiat. The Japanese concluded an agreement with Lingotto for the production of a diesel engine. The agreement made the German company go into a rage, which accused the overseas partner of high treason. In response, Suzuki today sent a note to the Tokyo Stock Exchange announcing its intention to sell its 1,5% stake in Volkswagen.
Even more serious, the Japanese will ask the first European car manufacturer to do the same, getting rid of their 19,9% stake in the company. But the Germans are not there and have already made it known that they intend to keep their stake in Suzuki. Despite the skirmishes, Volkswagen would like to continue the collaboration which in recent years has allowed it to gain greater penetration of the Indian market.
