Create a free Manufacturing.net account to continue

Suzuki ultimatum to VW: hybrid technology or split

TOKYO (Reuters) - Suzuki Motor Corp accused Volkswagen of breaching a partnership pact by withholding hybrid technology it promised to share, pushing their two-year-old alliance to the brink of...

TOKYO (Reuters) - Suzuki Motor Corp accused Volkswagen of breaching a partnership pact by withholding hybrid technology it promised to share, pushing their two-year-old alliance to the brink of disintegration.

Japan's Suzuki has served VW with a notice of breach of contract, demanding the German company give it access to key technologies within weeks. Unless it does so, Suzuki's biggest shareholder must sell back its stake and quit the alliance, it said on Friday.

SOURCE