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VW and Suzuki End Angry Feud

Arbitration ends failed green car alliance.

by on Aug.31, 2015

Suzuki pulled out of the US with the failure of its midsize model, the Kizashi.

An arbitration tribunal has pulled the plug on a once-promising green car alliance between Volkswagen AG and Suzuki Motor Corp. The German maker has now been ordered to sell back the 19.9% stake it had purchased in the Japanese car company.

But VW says that may yet sue Suzuki for damages as a result of the break-up of the alliance which was formed in 2009 but never got off the ground, instead developing into a bitter public dispute between the two companies.

Global News!

“It used to feel as if a small bone were stuck in my throat,” Suzuki Chairman and Chief Executive Osamu Suzuki told a news conference after learning of the decision. “I feel so refreshed now.”

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