UPDATE 2-Suzuki wants to buy back shares from VW, may seek mediation


* Suzuki terminates alliance with VW as spat escalates * Aims to buy back 20 pct stake held by VW by Nov 2012 * To seek mediation if VW fails to release shares * VW says will hold onto Suzuki stake (Adds Volkswagen statement it will retain its Suzuki shares) By Mayumi Negishi and James Topham TOKYO, Nov 18 (Reuters) - Suzuki Motor Corp said on Friday it wants to buy back the 20 percent of its shares owned by Volkswagen and is ending their two-year alliance, vowing to seek mediation ...

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