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Suzuki-Volkswagen towards arbitration: the Japanese want to break up, the Germans aren't there

The Japanese company wants to go to an international court of arbitration in order to dissolve the partnership – Fiat is the third wheel.

Suzuki-Volkswagen towards arbitration: the Japanese want to break up, the Germans aren't there

Nothing to do, now the wedding between Suzuki and Volkswagen it's over. And divorce also seems the bloodiest. The Japanese house has made it known that it intends apply to an international court of arbitration in order to dissolve the partnership signed with the Germans in December 2009. According to the advances of the financial newspaper Nikkei, Suzuki has requested the suspension of the stock crossing in September. Acting as the third wheel is Fiat, which concluded with the Japanese a cooperation agreement on the engines, sending Volkswagen into a rage.

The Teutonic house still has 19,9% ​​of the capital of the smallest Japanese company in its belly and is not about to let go of the old ally: it replied that it was disappointed, but did not want to break off the relationship. The Suzukis' request would have no "legal foundations". Furthermore, "Volkswagen - reads a note - categorically rejects all allegations of having in any way violated or failed to respect the spirit of the cooperation agreement and therefore refuses to terminate the agreement".

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