Suzuki reported a 46 percent fall in first-quarter operating profit, hurt by lower output at home as it improves its inspection systems, and falling demand in India, its biggest market.
Suzuki Motor Corp.’s Chief Executive and Chairman Osamu Suzuki will give up his CEO title while Executive Vice President Osamu Honda will retire, the automaker said today, after it revealed its use of false fuel-economy tests last month.
Suzuki Motor today said it had used fuel efficiency and emission testing methods that were different from Japanese regulations on 16 models now sold in the country, but that proper testing showed no need to amend the data.
Volkswagen must sell its shares in estranged partner Suzuki, an international court has decided, ending a nearly four-year battle over a dysfunctional alliance between the two carmakers.
Suzuki will return to two-shift production at its plant in Hungary in December as it builds stocks of the new Vitara, the news agency MTI reported, quoting the unit’s CEO, Ryoichi Oura.
Suzuki Motor Chairman Osamu Suzuki said it was unclear when an international arbitration court will rule on its 2-1/2 year dispute with Volkswagen Group over their failed partnership.
As of March 2014, Czech market has a new importer of Suzuki cars and motorcycles. Magyar Suzuki Corporation Ltd. now delivers the Japanese vehicles to Czech customers.
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