Suzuki Seeks ‘Divorce’ From Volkswagen After 20-Month Tie-Up

Suzuki Motor Corp. will seek to dissolve its 20-month-old alliance with Volkswagen AG after the German carmaker’s 222.5 billion yen ($2.9 billion) investment failed to yield a single project.

The Japanese automaker, which owns 1.49 percent of Volkswagen, plans to sell its holdings if Volkswagen agrees to end the tie-up, the company said in a statement to the Tokyo Stock Exchange. The Wolfsburg, Germany-based carmaker owns 19.9 percent of Suzuki, according to Bloomberg data.