The admonitions by Lower Saxony’s premier to wash dirty laundry in the privacy of your office appear to bear fruit – at least for the time being. Volkswagen has agreed to a cease-fire in the war of words with Suzuki.
“The discussion between both parties will be exclusively conducted internally. Volkswagen will not comment on any further speculations,” Volkswagen said in a statement regarding the domestic dispute with its reluctant bride Suzuki. Volkswagen also stressed “that it will keep its 19.9 percent stake in Suzuki Motor Corp. despite persistent calls from its smaller Japanese peer to dissolve their tie-up, indicating that a continuing dispute between the two firms is unlikely to be resolved anytime soon,” says The Nikkei [sub].
There are no indications when and how these talks will take place. All ears on Hamamatsu now. If Suzuki will stop making announcements also, then that could be an indication that a real deal is in the works. If not – not.
Unknown as you say whether Suzuki will keep quiet especially since they seem to be the ones who spoke most publicly.
Not a surprise that VW is keeping the stake – a great bargaining chip and seemingly nothing Suzuki can do about it.
What the hell kind of picture is that? Enough with the creepiness please Bertel.