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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.

Suzuki will road-test EVs in India, start production with Toyota in 2020

NEW DELHI — Japan's Suzuki Motor Corp will start testing prototypes of electric vehicles in India by October, its chairman said on Friday. "We will start road-running tests using a fleet of 50 EV prototype vehicles in India from next month in order to develop safe and easy-to-use EVs for Indian customers," Osamu Suzuki said at the Global Mobility Summit at New Delhi. The company would then launch EVs in India around 2020 in cooperation with Toyota, he added. However, Suzuki said that for EVs to become popular in India, there had to be well-developed charging infrastructure. "In this regard, we look forward to proactive leadership from the Indian government," he said. The government of Prime Minister Narendra Modi has a plan to electrify all new vehicles by 2030, a target many experts call ambitious. EVs are expensive due to the high cost of batteries which are still not manufactured in India, and carmakers say a lack of charging stations could make the proposition unviable. Suzuki, parent of India's top-selling automaker, Maruti Suzuki, would start production of lithium-ion batteries for automobiles at its plant in western India from 2020, Suzuki said. India is one of the world's fastest-growing car markets, but EV sales are negligible compared with millions of petrol and diesel cars sold every year. Suzuki said to meet India's environmental challenges, the government would have to look at hybrid and CNG (compressed natural gas) vehicles also.Related Video:

The Suzuki Jimny pickup truck might be the best Jimny

Suzuki showed off a Jimny pickup truck concept at the 2019 Tokyo Auto Salon, and it garnered more positive hype for the already beloved new-generation 4x4. But more than a year later, there are no signs that a production version is coming in the immediate future, if at all. So, members of the aftermarket are building their own. Shropshire Quads out of the United Kingdom takes regular Jimny SUVs and converts them into pickups by lifting the vehicle and adding a metal tub to the rear. Shropshire Quads has been building Jimny pickups for years. The company started doing the conversions on used models but has since grown to add the new Jimny to the operation, as well. Here's how it all started:  We are a small family run business based near Cleobury Mortimer in South Shropshire. We are main agents for Arctic Cat and Kymco ATVs. We felt that there was a niche gap in the agriculture/land management sector for a small lightweight pickup with more creature comforts and reliability than your usual UTVs. We went in search, and following lots of research, we decided that the Suzuki Jimny would be the ideal base vehicle. We now convert quality, low mileage Suzuki Jimny's to pickups using the best quality, factory designed and manufactured components. We hope you agree that we offer the best Suzuki Jimny Pickup on the market. The blue example seen here is the shop's first conversion on a new Jimny. According to Farmer's Weekly, Shropshire Quads orders the factory-manufactured kit that was designed for Suzuki from Austria and is the sole distributor and installer in the United Kingdom. Somebody in New Zealand is running a similar operation. As seen in the photos, the kit can only be installed once the rear portion of the Jimny is chopped off. The kit includes a metal rear bulkhead panel that is equipped with a heated rear screen. Plastic side moldings smooth out the conversion into the bed, which is made of stainless steel and aluminum. The rear tailgate is removable, and Shropshire Quads says the kit uses strong high-quality latches. A recessed fuel filler is mounted with cast aluminum and found on the driver's side. As this is a conversion intended for labor, it can be ordered with a one-inch lift or a three-inch lift. For added utility, the Jimny can be fitted with flotation tires or smaller all-terrain tires. The Jimny was already cool, and having one on the farm sounds like a fun way to do chores.