Suzuki and VW investigate alternatives to resolve legal conflict, report says
FRANKFURT (Bloomberg) -- Suzuki and Volkswagen are investigating alternatives to either animate alliance efforts or enter a resolution to stop a twoyear legal fight, individuals familiar with the issue said.
VW Chairman Ferdinand Piech and Suzuki President Osamu Suzuki are associated with your time and attempt to achieve an understanding, said the folks, who requested not to be identified because the discussions are private.
Suzuki and VW continue to see the logic for the alliance as compelling, one man said.
The attempt may nevertheless fall apart and if the discussions fail proceedings at a Londonbased arbitration court over the future of the alliance will go ahead, the people said.
"Both companies stand to gain in case that they can beat the disagreements over direction claims," said Frank Biller, a Stuttgart-based analyst at LBBW.
VW became Suzuki's biggest shareholder when it got a 19.9 percent stake for 1.7 billion euros in 2009. Included in the offer, which was brokered by Piech and Suzuki Suzuki in return purchased VW stock worth about 770 million euros.
VW said in its 2012 annual report the lawsuit "is not anticipated to reach a determination until mid2013 at the first."
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