Suzuki plans to repurchase shares held by VW According to the latest report from the German media, Suzuki Motor Corporation of Japan is ready to take further measures to get rid of the shares of the German Volkswagen Group.

It is reported that Suzuki’s board of directors has officially decided to buy back the 19.9% ​​stake in Suzuki currently held by Volkswagen Group. The minutes of the board of directors indicate that the share repurchase is expected to be completed by December 10, 2013. Suzuki said that this decision indicates that Suzuki is confident that it will recover all Suzuki shares held by the public.

Since the conclusion of the Suzuki-Volkswagen partnership, Suzuki has been seeking to crowd out the Suzuki. Both parties accused the other party of violating the relevant provisions of the cooperation agreement. Suzuki said that Volkswagen regards Suzuki as a brand of its group and does not provide Suzuki with the latest technology as promised.

However, the public retorted that Suzuki had not negotiated with the public on the procurement of important components and Suzuki denied it. Suzuki has filed an arbitration application with the International Chamber of Commerce Arbitration Court to require the Volkswagen Group to transfer the Suzuki shares held by it. After several delays, the first trial will be held in early 2013.

One of the reasons for Volkswagen’s participation in Suzuki is due to Suzuki’s advantage in manufacturing small and cheap cars. Volkswagen hopes to expand the Indian market with affordable cars. Some experts predict that India will become the next major global automotive market.

However, due to the outbreak of contradictions between the two parties, Suzuki terminated its cooperation with the public. At the shareholders’ meeting held at the end of June, Suzuki’s vice president Kang Renyuan explained that the cooperation agreement with the public has been lifted. Therefore, the Volkswagen Group does not have the right to continue to hold shares in Suzuki. The reason for the public participation in Suzuki is the cooperation between the two parties. relationship.

From the perspective of the general public, holding Suzuki shares has no direct relationship with the cooperation between the two parties. A public official said that "cooperation is certainly our goal, but we can also consider participating in a strategic investment behavior." Although the public's dissatisfaction is also rising, but it did not consider the transfer of holding Suzuki Shares. "Suzuki's attitude toward its collaborators and major shareholders is surprising, but we hope to continue to maintain our shareholder status."

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