Editor/Reporter - CheersandGears.com
March 16, 2012
The Volkswagen/Suzuki partnership had so much going for it back in 2009. Two years later, the two are fighting and lobbing cheap shots. Suzuki wants out of it, while Volkswagen wants to work it out. Last November, Suzuki asked for arbitration in London to make Volkswagen return the 19.89% interest it had taken and to pay an unspecified amount of damages.
Suzuki in their filing claims that Volkswagen didn’t keep its promise of providing Suzuki with access to technology and that Volkswagen refused several times to settle the matter out of court. Volkswagen however is refuting Suzuki’s claims in the suit.
Well, Volkswagen said on Monday the arbitration panel won’t make a decision on the case till 2013. Not good news for either company.