Volkswagen drops appeal in "GTi" dispute with Suzuki
FRANKFURT, Sept 22
FRANKFURT, Sept 22 (Reuters) - Volkswagen has dropped its appeal of a court ruling in a brand infringement case against estranged partner Suzuki, a spokesman for the German carmaker said on Saturday, confirming an earlier report.
In 2004, Volkswagen contested an application granted to Suzuki allowing the Japanese company to use the vehicle nameplate "SWIFT GTi" as a trademark for a derivative of its small car.
The General Court of the European Union said in March that the Suzuki version could not be confused with its own high-performance Golf GTI, which it had trademarked in Germany and other international markets.
The ruling came when the two companies were embroiled in a separate arbitration battle over whether Volkswagen may be forced to divest its near-20 percent stake in Suzuki, bought for 1.7 billion euros ($2.2 billion) as part of a broad alliance agreed more than two years ago.
German daily Die Welt earlier said Volkswagen had dropped its appeal several weeks ago already. ($1 = 0.7699 euros) (Reporting by Stefanie Huber; Writing by Maria Sheahan)
- Tweet this
- Share this
- Digg this
- Rihanna, CBS bench opening number for Thursday football
- UPDATE 3-Boeing, SpaceX win contracts to build 'space taxis' for NASA
- Coke, J&J join big corporations behind new employee wellness push
- Citing security threat, Obama expands U.S. role fighting Ebola
- Apple iPhone 6 pre-orders hit record 4 million on first day