Suzuki ends partnership with Volkswagen and is attempting to get shares back
Suzuki is officially terminating its partnership with Volkswagen and seeking a return of its shares in arbitration. Suzuki got a bit upset when Volkswagen stated in a report that it could significantly influence financial and operating decisions at Suzuki. Why Suzuki is upset over the truth we have no idea. Suzuki now states it was not given full access to VW technology that is expected. Suzki CEO and chairman Osamu Suzuki stated, “Today, Suzuki terminated the partnership with VW. Suzuki will be seeking the return of its shares from VW in arbitration. I am disappointed that we have to take this action but VW’s actions have left us no choice."