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Friday, 23 September 2011

VW asked to retract claim it breached contract as Suzuki asks

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Volkswagen_suzuki
TOKYO – Suzuki Motor Corp.'s war of words with estranged partner Volkswagen AG is heating up in public again, with the Japanese carmaker demanding that VW retract its claim that Suzuki violated their tie-up agreement by sourcing engines from rival Fiat.

A demand letter issued by Suzuki Chairman and CEO Osamu Suzuki addressing to VW CEO Martin Winterkorn, the Japanese company said in a statement.

Suzuki insisted that VW publicly recant its accusation by Sept. 30, "since Suzuki's global reputation has been significantly damaged by the announcement."Vcommindia News

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