Archive for the ‘Suzuki’ Category
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Suzuki has make a press statement that they want to take Volkswagen to International court due of the VW unwillingness to sell back its 19.9% share. The official statement from Suzuki said :-
“Suzuki Motor Corporation (“Suzuki”) is today commencing arbitration proceedings in London with the ICC International Court of Arbitration, in order to compel Volkswagen AG to dispose of its Suzuki shares to Suzuki or Suzuki’s designated third party.
The arbitration proceedings follow Suzuki’s termination of its alliance with Volkswagen AG on 18 November 2011, and Volkswagen AG’s lack of response to Suzuki’s requests for the disposition of its shares to Suzuki or Suzuki’s designated third party.”
This has bring new confrontation between this 2 big carmaker after series of fighting. VW not issued any statement but VW’s has reply
“We are extremely disappointed that Suzuki has taken this step to terminate the agreement. There is no legal foundation whatsoever obliging us to surrender our shares. Volkswagen will continue to hold its stake.”
Source :- CarScoop
The Suzuki Swift EV hybrid concept will be revealed for Tokyo Motor Show. The Japanese media suggest that this little hybrid electric hatch could hit market in 2013. It is almost same like Chevrolet Volt. In electric mode, Swift EV could drive around 30 km and in city driving it’s enough to get through a regular day. The petrol engine will start when the batteries begin to run low. The Swift EV Hybrid will be feature of petrol-powered sibling’s and adding with futuristic tweaks: LED lights front and back, covered grille and wheels and a revamped interior with two large digital secreen. More detail will be released on the Tokyo Motor Show next month.
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Source :- TheMotorreport
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Suzuki Motor Corp will abort it alliance with Volkswagen AG after 2 years collaboration. Suzuki will stop their partnership with German automaker because they found that it wold lose autonomy. Volkswagen owns nearly 20 percent of stake in Suzuki while Suzuki only holds about 1.5 percent of Volkswagen.
Meanwhile, VOlkswagen still keen to continue to the cooperation and not sell their share in SUzuki. The cooperation taht aimed to accelerate Suzuki’s development of ecological vehicles such as hybrids, electric cars and fuel cells not work. No project has been held for this 2 carmaker.The partnership with Volkswagen came after Suzuki lost its alliance with General Motors Co., which began in 1981. GM sold a 17 percent stake in Suzuki in 2006, and its remaining 3 percent stake in 2009.
Suzuki also said it never gained the sort of access it wanted to Volkswagen’s technology.
Source :- Forbes.com
It is good for Suzuki to terminate their cooperation if they don’t have any special benefit. Maybe they must work with Toyota or Honda.. Or maybe they don’t like to work with competitor in some country?
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The 2012 Suzuki Swift will come to Frankfurt next month after announcement by Suzuki that new Swift Sport will be feature at the Frankfurt autoshow. The SwiftSport is the three door harchback car sport that different design from standard Suzuki Swift. The specification not revealed yet but it is likely be a 1.6 litre M16A engine that could make 134 horsepower and 160 torque. There’s also a rumor that the car will use 6 speed transmission.
Source :- Indiancarsbike