Suzuki, Volkswagen end partnership

Suzuki Motor Corp said on Monday that it has decided to dissolve its partnership and cross-shareholding relationship with Volkswagen AG.

The Japanese and German automakers announced the partnership in 2009 but have been unable to agree on details of the cooperation. Volkswagen owns a 20 per cent stake in Suzuki.

Suzuki says its primary goal was technology transfer and that it sought an indepdendent, equal partnership with Volkswagen. But it decided this was impossible.