Arab Today, arab today suzuki to end capital alliance with volkswagen
Last Updated : GMT 07:01:29
Arab Today, arab today
Arab Today, arab today

Suzuki to end capital alliance with Volkswagen

Arab Today, arab today

Arab Today, arab today Suzuki to end capital alliance with Volkswagen

Tokyo - Xinhua

Suzuki Motor Corporation on Monday said it will seek to end a 20-month old alliance with German automaker Volkswagen AG, as the tie-up has yielded no results. Suzuki, a 1.49 percent stakeholder in Volkswagen, plans to sell its holdings and dissolve the partnership providing Volkswagen agrees to end the tie-up inked in December 2009, the Japanese automaker said in a statement Monday to the Tokyo Stock Exchange. Volkswagen owns 19.9 percent of Suzuki, but the 2.9 billion U.S. dollar investment failed to produce a single project and a rift in the partnership began to widen after Volkswagen described its Japanese partner as an \"associate\" in its annual report. The repot went on to say that Volkswagen could significantly influence their Japanese counterpart\'s \"financial and operating policy decisions.\" Suzuki executives subsequently claimed the report was high-handed and that the partnership was not on a level playing field. But while Volkswagen has said it has no plans of selling or lowering its stake in Suzuki, the Japanese maker known for its minivans and vehicles has breached the contract inked nearly two years ago by deciding to purchase engines from Italian automaker Fiat SpA, threatening to make the break from the German auto giant a tricky one. The alliance between the two firms has sunk so low recently that Osamu Suzuki, Suzuki\'s chairman, told local media that executives from the two firms are \"no longer on speaking terms.\" On the Japanese side, it is believed that the tie-up could now have a negative impact on the company\'s \"independent managerial decision-making,\" according to Monday\'s post-board meeting statement. The alliance was initially supposed to benefit both parties, with Suzuki receiving eco-technology from Volkswagen for hybrid and electric cars and in return providing Volkswagen with its small-car expertise, which has seen the firm take the No. 1 spot in India, Asia\'s second-fastest growing major economy. Osamu Suzuki said in the Nikkei newspaper recently that he hasn\'t found a single Volkswagen-based technology he\'d like to adopt, having extensively researched the firm\'s capabilities and offerings.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today suzuki to end capital alliance with volkswagen Arab Today, arab today suzuki to end capital alliance with volkswagen

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today suzuki to end capital alliance with volkswagen Arab Today, arab today suzuki to end capital alliance with volkswagen

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday