Suzuki Starts Arbitration With Volkswagen to Buy Back Shares
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Suzuki Motor Corp. said it started arbitration procedures aimed at ending its two-year-old partnership with Volkswagen AG and forcing the German carmaker to sell back its stake.
The arbitration will take place at an international court in London, Hamamatsu-based Suzuki said today in a statement to the Tokyo Stock Exchange. Volkswagen said the process can’t force it to sell its 19.9 percent stake in Suzuki.