Suzuki Motor says to buy back VW stake as tribunal settles long feud

August 30, 2015 7:31 AM

36 0

Suzuki Motor says to buy back VW stake as tribunal settles long feud

TOKYO Japan's Suzuki Motor Corp (7269.T) said on Sunday it will buy back the 19.9 percent stake it sold to Volkswagen AG (VOWG_p.DE) after an international arbitration court settled a dispute between the automakers over their failed partnership.

Suzuki filed for international arbitration in November 2011, after Volkswagen refused to sell back the shares in Suzuki it acquired in January 2010 for 1.7 billion euros ($1.90 billion).

Read more

To category page

Loading...