Volkswagen drops appeal with Suzuki
September 23 , 2012
Volkswagen has abandoned plans to appeal a court ruling in a brand infringement case against estranged partner Suzuki.
In 2004, the German carmaker contested an application granted to Suzuki allowing the Japanese firm to use the vehicle nameplate "SWIFT GTi" as a trademark for its small car.
In March, the General Court of the European Union stated that the Suzuki version could not be confused with its own high-performance Golf GTI, which has been trademarked in Germany and other international markets.
The ruling came after the two companies locked horns over whether Volkswagen would be forced to divest its near-20 percent stake in Suzuki, bought for $2.2 billion as part of an agreement reached more than two years ago.