TOKYO, June 13 Suzuki Motor Corp
Chairman Osamu Suzuki said it was unclear when an international
arbitration court will rule on its 2-1/2 year dispute with
Volkswagen AG over their failed partnership.
Japan's No.4 automaker by global sales volume filed for
international arbitration in November 2011, after Volkswagen
refused to sell back a 19.9 percent stake in Suzuki it acquired
in January 2010 for 1.7 billion euros ($2.3 billion).
Earlier this month, sources familiar with the matter told
Reuters that a London-based arbitration court had wrapped up
witness hearings and was expected to issue a ruling before the
end of the year.
"It's unclear," the 84-year-old chief executive told
reporters in Tokyo when asked about the likely timing of a
ruling. Pressed on whether the two companies could reach a
settlement, he said repeatedly: "We are the ones that took this
The two automakers agreed on a tie-up in December 2009,
vowing to work together on technologies in areas such as hybrid
and electric vehicles, and on expanding in emerging economies.
Suzuki later accused its German partner of withholding
hybrid technology it had promised to share and demanded the
return of the 19.9 percent stake. Volkswagen for its part
complained about Suzuki's purchase of diesel engines from Fiat
(Reporting by Yoko Kubota; Editing by Edmund Klamann and David