· Volkswagen broke up Suzuki's focus will turn to China's cheap car brand
According to comprehensive foreign reports, Volkswagen and Suzuki have received the judgment of the International Court of Arbitration recently, and the alliance between the two sides has officially collapsed. The four-year "war of divorce cases" has come to an end. In the future, in the small car, Volkswagen will no longer rely on Suzuki's expertise, but will focus on the new low-cost car brand in the Chinese market, and is expected to cooperate with FAW Jilin.
Volkswagen and Suzuki divorced
On August 30, 2015, Suzuki Motors released a document on the Tokyo Stock Exchange that the previous day (August 29) received the results of the Commerce International Court of Arbitration, which determined that the public should Abandoning the stake in Suzuki held, lifting the "unsuccessful" alliance agreement between the two companies.
Judging from the contents of the document, the London International Business Court of the United Kingdom believes that since the application for arbitration to terminate the cooperation of Suzuki on November 18, 2011, the alliance between Volkswagen and Suzuki has been in existence in fact, and the application was terminated in May 2012. Effective on the 18th.
Volkswagen and Suzuki formed an alliance in 2009, and both sides hope to learn from each other. Volkswagen has taken advantage of Suzuki's advantage as a small car expert and its share in the Southeast Asian market, and Suzuki hopes to acquire technology such as diesel engines from Volkswagen.
But since 2011, both sides have caught a squabble. Suzuki accused the public of including it in the report statistics to damage its independence and interfere with its operations; Volkswagen said that Suzuki turned its back to Fiat to seek diesel engine technology. It is reported that the fact is that the two companies did not really exchange technology and market advantages, which led to the situation.
On November 24, 2011, Suzuki Motor announced that it had begun to apply for arbitration to disband its alliance with Volkswagen, requesting Volkswagen to sell its stake in Suzuki and unilaterally announcing the disintegration of the alliance.
After the arbitration court gave the verdict, neither Volkswagen nor Suzuki objected to the verdict. Suzuki Suzuki, chairman of Suzuki Motors, could not hold back the joy at the press conference: "The results of the arbitration have surfaced. It is really good news. It’s like I’m finally relieved in the throat. It’s really a big win, so Suzuki can focus on the highest goal of the business. Entangled." Regarding the possibility of re-aligning with the public, Suzuki denied: "You will not be willing to remarriage with those who divorced you."
The public also issued a statement on August 30, saying that it accepts the results of the arbitration. It is very welcome to "arbitrate the situation" and will sell the 19.89% stake in Suzuki in the future. At the same time, the public added that the sell-off will have a positive effect on the company's profits and cash flow.
Volkswagen previously acquired 19.89% of Suzuki's stake at a price of 1.7 billion euros (at the time of the contract of 2.1 billion US dollars). According to the closing price on August 28, 2015, this part of the equity is approximately 463 billion yen ($3.8 billion).
In addition, this arbitration has also supported the public to a certain extent to sue the Suzuki Destruction Alliance Agreement. Volkswagen said it will retain the right to sue Suzuki for losses. Suzuki also stated that the company may pay compensation to the public as part of the arbitration results. The amount of compensation will be determined by the next round of arbitration.
However, the figures given by Suzuki show that the cash flow in their hands is sufficient to cover the repurchase and compensation.
Volkswagen small car project shifts to China
As mentioned earlier, the reason why Volkswagen once held Suzuki was mainly because of its gaps in small cars and cheap cars, and Suzuki was a master. The British media pointed out that although Volkswagen officially broke up with Suzuki, it still did not give up on the cheap car project and will continue to move forward with its own strength.
Volkswagen 70,000 yuan cheap car may be like this with a new parts system
Foreign media said that Volkswagen will build a small car for the Asian market (especially China), which is the rumored 13th brand of the Volkswagen Group - a cheap car brand developed in China.
Although the Volkswagen cheap car brand has not yet been named, it is known that after four years of delay, the brand has gradually overcome the cost difficulties, the first car is expected to come out in 2018. The brand's lineup will include cars, hatchbacks and SUVs.
The latest news shows that the Volkswagen cheap car brand is expected to cooperate with FAW Jilin and intend to start production at the new FAW Jilin factory. At present, manufacturers are carrying out overall cost accounting for personnel, production lines, production processes, spare parts procurement, etc. If the progress is smooth, the new car may even be ahead of the planned 2018.
In terms of price, Volkswagen CEO Wen Deen said that the price of the new car will range from 8,000 euros ($8,932) to 11,000 euros, or about 55,450 yuan to 76,240 yuan. This latest statement has risen 33% to 37.5% from the previous 6,000 to 8,000 euros.
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