Suzuki Asks VW To 'Remedy' Contract Infringements - Suzuki Forums: Suzuki Forum Site
Suzuki Forum Suzuki Forums

» Auto Insurance
» Featured Product
Wheel & Tire Center

Go Back   Suzuki Forums: Suzuki Forum Site > Welcome > Suzuki News
Register Home Forum Active Topics Photo Gallery Garage Search Today's Posts Mark Forums Read Auto EscrowAuto LoansInsurance Advertise

Suzuki-Forums.com is the premier Suzuki All Forum on the internet. Registered Users do not see the above ads.
Reply
 
LinkBack Thread Tools Display Modes
Old 10-17-2011, 12:23 PM   #1 (permalink)
Sponsored Editorial Content
 
Join Date: Jul 2010
Posts: 94
Gallery: 0
AutoGuide.com is on a distinguished road
Default Suzuki Asks VW To 'Remedy' Contract Infringements

Amid the ongoing dispute between Suzuki Motor Co and Volkswagen AG, Suzuki has written to VW, alleging various breaches of contract and asking VW to address the situation.

However, despite claiming numerous cases of contract infringement, during a press statement, Suzuki failed to highlight exactly what those specific breaches were.

The origins of the quarrel between the two automakers date back to 2009, when VW acquired a 19.9 percent stake in Suzuki, while the Suzuki purchased a 1.49 percent share in the German giant.

Sukuki's fiery chairman, Osaku Suzuki, has maintained all along, that from his company's standpoint, the alliance was meant to facilitate Suzuki's access to VW technologies, though in a recent press statement he said, "I remain disappointed that we have not received what we were promised. If VW will not allow access, it must return Suzuki's shares."

VW on the other hand, claims Suzuki also violated terms of the contract by failing to disclose that it had done a deal with FIAT to supply engines, yet Suzuki maintains that this allegation "significantly disparaged Suzuki's honor" and continues to seek an apology and retraction from the Wolfsburg company.

With both parties at loggerheads, it seems that they will each have to resort to legality processes, in order to have any chance of resolving the situation, though given how hostile said situation has become, it is very unlikely either company will be interested in salvaging what's left of the alliance.

According to an IHS Automotive industry analyst in Tokyo, Masatoshi Nishimoto, "if the partnership with VW is delaying [Suzuki's] development of new technology and cars, they need to end it as soon as and as calmly as possible."

More: Suzuki Asks VW To 'Remedy' Contract Infringements on Autoguide.com
AutoGuide.com is offline   Reply With Quote Quick reply to this message
Sponsored Links
Advertisement
 
Reply

  Suzuki Forums: Suzuki Forum Site > Welcome > Suzuki News

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Suzuki Forums: Suzuki Forum Site forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:
Insurance
Please select your insurance company (Optional)

Log-in



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Powered by vBadvanced CMPS v3.2.3

All times are GMT -5. The time now is 11:37 AM.



Powered by vBulletin® Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.1
Garage Plus vBulletin Plugins by Drive Thru Online, Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.