Volkswagen–Suzuki honeymoon is over

Suzuki splits from Volkswagen deal

Suzuki wants to walk out on its relationship with Volkswagen, just two years after the civil union began. It’s been an uneasy partnership and Suzuki claims the German giant has denied access to its technology and also had concerns over Suzuki’s independence. Clearly Suzuki aren’t happy about this and further claim they have attempted to negotiate with Volkswagen only to be told to talk to the hand because the face isn’t listening.

Last month Suzuki also lodged a notice of breach against Volkswagen, who in return said try to see it my way, we can work it out. Now, it seems, the irreconcilable differences point has been reached and Suzuki wants its 19.89% stake back from VW. The shares were purchased at a value of $2.5 billion in 2009.

[Source: Autoblog]