Suzuki Motor Corp Chairman Osamu Suzuki said it was unclear when an international arbitration court will rule on its 2-1/2 year dispute with Volkswagen AG over their failed partnership. Japan's No.4 automaker by global sales volume filed for international arbitration in November 2011, after Volkswagen refused to sell back a 19.9 percent stake in Suzuki it acquired in January 2010 for 1.7 billion euros ($2.3 billion). Earlier this month, sources familiar with the matter told Reuters that a London-based arbitration court had wrapped up witness hearings and was expected to issue a ruling before the end of the year. Volkswagen for its part complained about Suzuki's purchase of diesel engines from Fiat SpA.
from Business News Headlines - Yahoo! News http://ift.tt/1v9hecT
via IFTTT
No comments:
Post a Comment