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New investor allows Suzuki to fend off VW

After years of legal wrangling, the long-soured partnership between Volkswagen and Suzuki looks finally to be coming out of arbitration, according to Bloomberg. As a sign of the Japanese brand's improved fortunes, hedge fund Third Point LLC recently bought an undisclosed stake in the company. The investor reported seeing a major opportunity in the successful Maruti Suzuki business in India. As an investment, the only major problem that Third Point found with Suzuki was its legal battle with VW. "The company's greatest asset is its low-cost manufacturing process for vehicles for the emerging market consumer," the fund said in a letter, according to Bloomberg. Third Point reportedly also wants a seat on Suzuki's board, despite being a minority shareholder. The alliance between Suzuki and VW goes back to late 2009. In the deal, the Japanese brand was meant to get access to cutting-edge tech, and the German firm got a helping hand towards better establishing itself in India and Southeast Asia. Things didn't go as planned, though. Less than two years later, Suzuki's boss publicly derided the deal. Eventually, the allegations started going back and forth, and the two have been working out a way to untangle practically ever since. Among the biggest issue has been how to get back the 19.9 percent stake that VW purchased. According to Bloomberg, the arbitration is now technically over. With the divorce nearly final, the two sides are just waiting on a decision on how to split things up. Suzuki may even just buy VW's stake to get the shares back.

Trick motorcycle rider breaks world record for fastest wheelie

The world record for the fastest wheelie ever was broken last week in a British racing event by certifiably crazy man Gary Rothwell. It goes without saying, but we'll say it anyway: don't try this at home, kids. On September 20, in at an airstrip in York, England, Rothwell rode his 540-horsepower turbocharged Suzuki Hayabusa 209.8 miles per hour over while balancing entirely on his rear wheel. Rothwell beat the previous world record by a whopping 10 miles an hour, according to Gizmag. Rothwell was going overboard to ensure he cinched the title. He was still miffed over his failure to break the record last month. He only reached 197.8 miles per hour in that attempt, just shy of it. Rothwell also holds world records for being the fastest man on skis, which involved him jumping off the back of his bike and being pulled along at 150 miles per hour on titanium skis. He completed the wheelie at the last Straightliners Top Speed event of the year. Straightliners is known for hosting the fastest of anything. This year featured everything from a shed that traveled over 88 miles per hour to a jet-powered shopping cart. They also welcome trick riders of all flavors to come and share their expertise. Related Video: News Source: Gizmag Motorsports Weird Car News Suzuki Driving Motorcycle Videos world record top speed fastest wheelie

Suzuki and Daihatsu join Toyota electric vehicle venture

TOKYO — Suzuki Motor Corp and Daihatsu are joining a commercial electric vehicle coalition led by Toyota Motor Corp, the carmakers announced on Wednesday, helping the Japanese alliance expand its focus from trucks to smaller cars. The two automakers will each acquire a 10% stake in the joint venture, on par with Isuzu Motors and Hino Motors, while Toyota will hold a 60% stake, they said. "With Suzuki and Daihatsu joining the project and working together, we'll be able to expand our circle of cooperation to not only cover commercial vehicles but also mini vehicles," said Toyota President Akio Toyoda. "With this expansion, I believe that we'll be able to take one step closer to a better mobility society," Toyoda said. The move comes as Japanese automakers face growing competition from tech giants and other rivals making electric and driverless cars. Toyota, Isuzu and Hino launched the Commercial Japan Partnership Technologies Corporation in April to bolster their competitive edge in connected, commercial vehicles. Daihatsu's president Soichiro Okudaira said joining the pact and introducing connected, mini-commercial vehicles would allow data sharing, a major benefit for companies to provide better services to customers and improve logistics efficiency. (Reporting by Eimi Yamamitsu; Writing by Ritsuko Ando; Editing by Louise Heavens) Related Video: Green Suzuki Toyota Daihatsu Electric Akio Toyoda