Volkswagen and Suzuki broke the alliance in court

The German manufacturer, which owns about 20% stake in the Japanese company, forced them back Suzuki

Alyans The two companies was signed six years ago, and then he looked mutually beneficial, however, expectations were not fulfilled. None of joint plans were not implemented, and the Japanese began to seek in court the return of shares that they have bought a Volkswagen. The point in question has put International Court of Arbitration of the International Chamber of Commerce in London: Suzuki to buy back its shares from Volkswagen for $ 3.3 billion, according to "Vedomosti".

Why Volkswagen and Suzuki all started cooperation? The fact that the Germans were interested in the possibility of entering the Indian market, which they could only give Japanese. Controlled Japanese Mauri Suzuki there is about half of the market. In turn, Suzuki can get considerable benefit from the alliance in the form of access to folksvagenovskim developments and technologies. But between the two companies quickly disagreed.
The Japanese believe that over them in danger of losing independence. In its reports to shareholders Volkswagen clearly indicates that it may have "a significant impact on the adoption of financial and operational decisions" in the company Suzuki. The Japanese did not like this approach, although the Germans subsequently justified that such expression - the standard formal financial reports, and they do not talk about trying to seize power in a foreign company.
Nevertheless, Suzuki broke collaboration, disrupting the previous agreements (and is willing to pay a "Volkswagen" the penalty for it). The main question was to regain the shares (the Germans did not burn with the desire to return the purchase). The court sided with the Suzuki. This company will now have to buy back their shares at the current market price. Package 19.89% is estimated to be 400 billion yen ($ 3.3 billion). In the past, Volkswagen paid for it 222.5 billion yen, the then exchange rate was equal to $ 2.3 billion.