UPDATE 1-Suzuki: to buy back shares held by Volkswagen

Newswire

* Aims to buy back entire stake by next Nov * Purchase contingent on VW releasing shares * To seek mediation if VW fails to release shares (Adds details) TOKYO, Nov 18 (Reuters) - Suzuki Motor Corp said on Friday it plans to buy back up to 20 percent of its own shares by Nov. 16 next year, contingent on Volkswagen releasing them, marking the latest move in a spat between the two automakers. Suzuki has been seeking a breakup of their two-year-old alliance because it is unhappy with ...

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