Suzuki has forced VW again to renegotiate 19.9 percent of shares

LONDON - the agreement between the two car manufacturers are beginning to target the automotive market access to India and VW agreed to share technology with Suzuki. But according to VW, it's a Japanese car manufacturer has violated the provisions agreed upon in the supply of diesel engines.

On the other hand in such cases, the VW was trying to clarify the remarks that VW is providing intensive technical support to Suzuki in the development of hybrid cars.

After a rumored divorce with Volkswage (VW) AG, Suzuki has again forced to return 19.9 percent of VW shares acquired in 2009 and as of the partnership agreement.

Suzuki shares previously purchased by VW to spend 1.7 billion euros. However, Suzuki Motor Corporation has used the current way of arbitration and Suzuki will buy back the shares at a price of the currency prevailing at this time which is 2 billion euros.

"The agreement with VW's over," said Vice President Haryama Yasuhito Suzuki, the annual shareholder meeting in Hamamatsu, Japan. VW no longer have a relationship with us and we choose the path of arbitration in England, "he added.