VW and Suzuki cooperation
02.09.2015
D The arbitral tribunal also confirmed a breach of contract by Suzuki. The Japanese broke off the ongoing cooperation projects at the end of 2010 /beginning of 2011 and granted Volkswagen no “last call right” for the delivery of diesel engines. VW reserves the right to assert claims for damages against Suzuki. VW and Suzuki agreed on a collaboration in December 2009 to jointly develop small cars for growth markets. In addition to this strategic collaboration, Volkswagen acquired 19.9 percent of Suzuki shares. In return, Suzuki acquired around 1.5 percent of the ordinary shares of Volkswagen AG. In November 2011, Suzuki filed for arbitration in London.