Volkswagen Suzuki regrets cheating,revise its cooperation Suzuki Motor Corporation
Monday, 12 September 2011
revise its cooperation Suzuki Motor Corporation,
Volkswagen Suzuki regrets cheating
Edit
As is known, VW AG has a 19.9% stake in SMC.Volkswagen AG bought it in December 2009. In the mid-year financial statements,dipubilkasi July 2011, VW declared a strategic partnership with SMC has developed more slowly than expected.
However,Volkswagen AG saw a covenant violations committed against their agreement SMC. VW found the SMC to receive supplies of diesel engines from other manufacturers (Fiat)."This is contrary to the agreement between Suzuki and VW," said the VW.
VW AG regrets this incident and provide an opportunity for SMC to fix the violation within the next few weeks.
"We have not taken the final decision. However we assess the investment in Suzuki is interesting to date, "the VW plane.
However,Volkswagen AG saw a covenant violations committed against their agreement SMC. VW found the SMC to receive supplies of diesel engines from other manufacturers (Fiat)."This is contrary to the agreement between Suzuki and VW," said the VW.
VW AG regrets this incident and provide an opportunity for SMC to fix the violation within the next few weeks.
0 Response to "Volkswagen Suzuki regrets cheating,revise its cooperation Suzuki Motor Corporation"
Post a Comment