Tribunal seals end of failed Volkswagen-Suzuki partnership, Suzuki to buy back VW's stake

August 30, 2015 9:39 AM

32 0

BERLIN – Volkswagen AG and Suzuki Motor Corp. say an arbitration tribunal has formally put an end to a failed alliance between the two companies to develop green cars, and Suzuki will buy back the 19.9 percent stake that Volkswagen held.

The hybrid and electric car partnership agreed in 2009 never got off the ground and unraveled into a public feud. Suzuki decided in 2011 to dissolve the alliance and started arbitration proceedings to get Volkswagen to dispose of its Suzuki stake.

Read more

To category page