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Monday, October 17, 2011

VW Group Says "Nein" to Suzuki's Request to Return its Shares


The feud between Volkswagen Group and Suzuki Motors Corp. continued on Monday as the German automaker issued a press statement saying that it has no intention to sell its 19.9 percent stake in the Japanese company despite the latter's request to disband their partnership.

The VW Group said it will keep its stake in Suzuki Motor Corp. "unchanged," adding "the discussion between both parties will be exclusively conducted internally" and that "it will not comment on any further speculation."

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