/ Industry, News, Suzuki, Volkswagen / Report – VW – Suzuki contention to be settled by arbitration court

Report – VW – Suzuki contention to be settled by arbitration court

Linked In Share
Report – VW – Suzuki contention to be settled by arbitration court

According to persons with knowledge of the matter, Volkswagen and Suzuki are close to settling a long-running dispute over a failed partnership as a London arbitration court could have a ruling by year’s end.

The VW-Suzuki dispute that involves problems after a failed partnership plan had its arbitrage court finish witness hearings, with the sources pointing the verdict is now just a matter of months away, but maintaining their anonymity, as they are not allowed to discuss private details of the matter.

A couple of persons said that as the London-based arbitration court has already wrapped up witness examination, based on previous legal disputes of such nature, the ruling should come somewhere before the end of the year.

Back in January 2010, Volkswagen AG decided to buy a 19.9 % stake in the Japanese automaker, worth at the time around 1.7 billion euros ($2.3 billion), which then Suzuki tried to buy back in 2011. After the German automaker denied the buy back several times, in November 2011 Suzuki took the case against the partner to the international arbitration court.

Via Automotive News Europe

by Aurel Niculescu (my Google+) - Friday, June 6th, 2014 - filed under Industry, News, Suzuki, Volkswagen. Image credit: .
Linked In Share
Related Articles
decision London arbitration court uk


Discuss: Report – VW – Suzuki contention to be settled by arbitration court

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

L.A. Auto Show LIVE: 1948 James Hetfield Jaguar Saloon Black Pearl Custom Car
L.A. Auto Show LIVE: 1948 James Hetfield Jaguar Saloon Black Pearl Custom CarThere’s a fine line between coachbuilt and custom cars, but nevertheless the handcrafted Black Pearl (it’s not Johnny ...
L.A. Auto Show LIVE: Audi A7 Sportback h-tron quattro concept
L.A. Auto Show LIVE: Audi A7 Sportback h-tron quattro conceptAfter it was initially announced just a day prior to the Los Angeles Auto Show, the German premium automaker Audi also moved to ...
Mercedes desperate to avoid title breakdown – Lauda
Mercedes desperate to avoid title breakdown – LaudaNov.20 (GMM/Inautonews.com) Mercedes is determined to ensure the 2014 title is decided in Abu Dhabi by events other than a ...
Ferrari denies making Vettel announcement
Ferrari denies making Vettel announcementNov.20 (GMM/Inautonews.com) Ferrari has denied reports it is now officially confirming Sebastian Vettel's 2015 switch. The ...
European Union ‘turns eye’ to F1 crisis – report
European Union ‘turns eye’ to F1 crisis – reportNov.20 (GMM/Inautonews.com) The threat of a major civil war within formula one is growing by the day. That is the claim of ...
Marussia’s Abu Dhabi return bid fails
Marussia’s Abu Dhabi return bid failsNov.20 (GMM/Inautonews.com) Marussia's eleventh-hour bid to return to action in Abu Dhabi has failed. With Caterham already set ...
India GP now heading for 2016 return
India GP now heading for 2016 returnNov.20 (GMM/Inautonews.com) Bernie Ecclestone says India could return to the F1 calendar in 2016. Last week, a senior official ...
Barrichello rules out Caterham return
Barrichello rules out Caterham returnNov.20 (GMM/Inautonews.com) Rubens Barrichello has denied he is about to make a sensational return to F1 to complete the 2014 ...
L.A. Auto Show: 2016 Jaguar F-Type AWD
L.A. Auto Show: 2016 Jaguar F-Type AWDThe British luxury sports car manufacturer has moved to introduce during the official press days of the Los Angeles Auto Show the ...
L.A. Auto Show LIVE: Audi Prologue Concept
L.A. Auto Show LIVE: Audi Prologue ConceptThe Audi Prologue Concept, previously known as the A9 Concept, has been officially presented to the public, in a premiere, during ...
Marussia team staff spotted in Abu Dhabi
Marussia team staff spotted in Abu DhabiNov.19 (GMM/Inautonews.com) Staff wearing Marussia team shirts were spotted on Wednesday in the Abu Dhabi paddock. The ...
Bianchi moved to France, Schumacher ‘paralysed’
Bianchi moved to France, Schumacher ‘paralysed’Nov.19 (GMM/Inautonews.com) Jules Bianchi is no longer in Japan, his family announced on Wednesday. The Frenchman, who crashed ...
Lotus confirms Grosjean for 2015
Lotus confirms Grosjean for 2015Nov.19 (GMM/Inautonews.com) Romain Grosjean will stay at Lotus in 2015, the Enstone team announced on Wednesday. Recently, the ...
Leaked – Kia KX3 Concept
Leaked – Kia KX3 ConceptA new concept car signed by Kia, the KX3, has recently leaked onto the web, ahead of its public debut which will take place ...
Pagani Huayra Roadster gets rendered once more
Pagani Huayra Roadster gets rendered once moreThe most anticipated version of the Pagani Huayra, the Roadster, is being highlighted these days once more, with the help of yet ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Black Pearl 01
Audi A7 Sportback h-tron 01
2016 Jaguar F Type AWD 00
Audi prologue 06
Kia KX3 Concept 1
Renault Megane CC Floride Special Edition Australia 1
Spy-Shots of Cars
Volkswagen Golf R Variant 1
Mercedes-Maybach S600 1
Lexus LF-C2 Concept 1
Subaru Viziv GT Gran Turismo 1
Toyota SpongeBob Sienna 1

More automotive from inautonews
There’s a fine line between coachbuilt and custom cars, but nevertheless the handcrafted Black Pearl (it’s not Johnny Depp’s car) is a thing of beauty – and the visitors of the 2014 edition of the LA Auto Show will dully corroborate. The car has been dreamt by rock star James Hetfield ...
read more
Inautonews Editors Section
Test Drive: Ford Fiesta ST
Test Drive: Ford Fiesta ST The current generation of the Ford Fiesta ST has been officially presented to the public back in March, 2012, during the Geneva Motor Show, and it ...
Test Drive: Renault Twizy – Back to basics
Test Drive: Renault Twizy – Back to basics Renault has been producing the Twizy for a couple of years now, in its Valladolid, Spain, facility but spotting one on European roads can turn out ...
Test Drive: Mercedes-Benz SL400
Test Drive: Mercedes-Benz SL400 The Mercedes-Benz SL is currently in its sixth generation and since the company has released a new entry-level, the SL400, which is basically the ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: Land Rover LR4, Range Rover and Range Rover SportA new recall has been issued by Land Rover recently, covering the LR4, the Range Rover and the ... US: Takata representative called to testify before Senate committeeDo you remember the Senate committee hearings that GM CEO Mary Barra went through following the ...
Safety Section