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Volkswagen forced to sell stake in Suzuki

The six-year-long failed marriage between Volkswagen and Suzuki has finally come to an end. Almost. An arbitration panel in London issued its final verdict which, according to a VW press release, cleared Suzuki in terminating the agreement, so VW now needs to get rid of its 19.9-percent share. However, the tribunal's decision said VW performed all of its obligations and Suzuki didn't – the Japanese carmaker should have given VW last-call rights for a delivery of diesel engines, but failed to. The breach opens Suzuki up to damage claim, but so far VW only says it reserves the right to sue. Now that Suzuki has an outside investor to provide funds it meant to get from VW, perhaps both can get back to their reasons for being. The press release is below. Ruling in arbitration proceedings: Cooperation between Volkswagen and Suzuki deemed terminated - Arbitral tribunal confirms Volkswagen met contractual obligations and finds that Suzuki has ordinary right to terminate agreement based on reasonable notice - Volkswagen to dispose of its 19.9 percent stake in Suzuki and expects positive effect on Company's earnings and liquidity from transaction - Arbitrators also find that Suzuki breached its contractual obligations to Volkswagen under the agreement and that Volkswagen has right to claim damages Wolfsburg, 30 August 2015 - An arbitral tribunal in London has announced its ruling in the dispute between Suzuki Motor Corporation and Volkswagen Aktiengesellschaft. As a result, cooperation between the two parties is deemed terminated. The arbitrators confirmed that Volkswagen met its contractual obligations under the cooperation agreement and found that Suzuki has terminated the agreement upon reasonable notice. Volkswagen will therefore now dispose of its 19.9 percent stake in Suzuki and expects a positive effect on the Company's earnings and liquidity from the transaction. The arbitral tribunal also confirmed that Suzuki breached its contractual obligations to Volkswagen under the agreement and that Volkswagen has the right to claim damages. "We welcome the clarity created by this ruling. The tribunal rejected Suzuki's claims of breach and found that Volkswagen met its contractual obligations under the cooperation agreement. Nevertheless, the arbitrators found that termination of the cooperation agreement by Suzuki on reasonable notice was valid, and that Volkswagen must dispose of the shares purchased.

Toyota, Honda, Nissan and more collaborating to increase fuel efficiency

Toyota, Honda, Mazda, Nissan, Subaru, Mitsubishi, Suzuki and Daihatsu have announced an alliance that will see a push to improve fuel economy from both gas-powered and diesel-powered engines by as much as 30 percent before the end of the decade.
The newly assembled Research Association of Automotive Internal Combustion Engines put the roughly $20-million project together, with the Japanese government committing to half the cost while the eight manufacturers will chip in the rest.
According to Automotive News, the automakers will team up and share basic research on internal-combustion engines in a bid to cut costs. Eventually, the results of the research will find its way into a production vehicle, although it's unclear just when we'll see the fruits of this partnership on the road.

Suzuki details 2019 Jimny engine and safety specs

Last month, we were able to publish official images of the upcoming new generation Suzuki Jimny SUV. Now, Suzuki has released a detailed mega-gallery of the boxy 2019 Jimny and some essential information on its powertrain and safety tech. The big news is that the Jimny's introductory engine choice will be bigger than anticipated, as it will be the 1.5-liter, 100-horsepower four-cylinder gasoline engine producing 96 pound-feet of torque. For the time being, no other powertrain options are available, and there's no word yet of a hybrid variant. The offered transmissions are a five-speed manual and a four-speed automatic, and 4WD mode is switchable from a separate gear lever with high and low range. Curb weight is mentioned to be as low as 2400 pounds. As for the Jimny's safety, there's now automatic emergency braking, lane departure warning combined with "Weaving Alert," and also traffic sign detection — certainly high tech for a very small SUV. But it's outside the reach of any road signage where the Jimny is designed to shine, as the image gallery shows with photos of the vehicle off-road. The Jimny's approach angle is 37 degrees, the ramp breakover angle is 28 degrees and the departure angle a nice 49 degrees. The minimum ground clearance is mentioned to be roughly 8.3 inches. Related Video: Featured Gallery 2019 Suzuki Jimny View 16 Photos News Source: Suzuki Suzuki SUV Off-Road Vehicles suzuki jimny