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Suzuki has issued a letter to VW asking it to retract the statment that was made by the German manufacturer about Suzuki breaching the contract between the two of them. Suzuki has again reminded the public that it had presented the case why it could not use VW diesels in its cars and had the proposal cleared by Martin Winterkorn, the chairman of the VW Group. Also Read - India to be Under Lockdown For 21 Days, Confirmed COVID-19 Cases Spike to 536
Osamu Suzuki also issued a statement saying “On September 11, VW sent us a notice alleging that Suzuki committed a severe breach of our agreement. Suzuki never breached our agreement. VW's notice and press release significantly disparage Suzuki's honour.” VW has said that it will not discuss this matter in public, but rumours have circulated that VW might try for a hostile takeover of Suzuki. However, it won't be easy for VW to do that since the JV will have clauses preventing unfair advantage to either party, or hurting the interests of the particpants. Also Read - COVID-19 LIVE: Next 3-4 Weeks Are Crucial, PM Modi Tells State CMs | Top Developments
Suzuki has given VW an ultimatum – if they do not get a statement retraction from VW by the 30th of September, we might see both companies in court.