Bloomberg News

Volkswagen Sees ‘No Legal Basis’ to Return Suzuki Shares

November 24, 2011

Nov. 24 (Bloomberg) -- Volkswagen AG said there’s “no legal basis” to force the German carmaker to sell back its 19.9 percent stake in Suzuki Motor Corp., according to an e-mailed statement. Europe’s biggest auto manufacturer “categorically rejects” allegations by Suzuki and is “confident” to prevail in an arbitration procedure, spokesman Eric Felber said in the statement.

To contact the reporter on this story: Andreas Cremer in Berlin at acremer@bloomberg.net

To contact the editor responsible for this story: Andreas Cremer at acremer@bloomberg.net


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