After 30 years of selling vehicles in Canada, Suzuki Canada Inc. will be withdrawing next year from a market that it once thought of as so important that it actually manufactured vehicles there. Suzuki Motor Corp. will move out of the North American country – although it will still sell motorcycles, all-terrain vehicles and marine products – in the wake of the U.S. bankruptcy filing by its sister company, American Suzuki Motor Corp., last November.
Suzuki Motor Corp, Japan's No. 4 automaker by sales, is set to start manufacturing small trucks, as well as spare parts, at its reopened plant in Myanmar this May. The announcement came after it had received approval from the national government of Myanmar to resume productions in its existing plant in South Dagon’s Industrial Zone in the city of Yangon. The aim is for the Myanmar-based plant to produce 100 small trucks a month, which will also be sold locally.
Japan's Suzuki Motor Corp. has been very busy of late with changes in manufacturing and sales in several countries around the globe. The auto manufacturer just inaugurated a new motorcycle factory in the Philippines this week, and CEO Osama Suzuki used the opportunity to reveal that the wheels were in motion to begin building cars in the country as well.
Japanese auto manufacturer Suzuki Motor Corp. stated on Sunday that it had submitted a new request to the government of Myanmar in order to restart its production in the country. Suzuki already has a factory established in the Southeast Asian nation, which it would like start using again, says Suzuki CEO Osamu Suzuki. He adds that it will take between three and five years to build a new plant.
While the news that Japanese car company Suzuki is filing for Chapter 11 bankruptcy in the U.S. is making business headline today, the manufacturer's Canadian division has clarified that it will have no effect on their sales over the border. Suzuki Motor Co. announced Tuesday morning that it would end its sales of cars in the U.S. due to unprofitability and low consumer interest, instead focusing on motorcycles and other small personal crafts.
Japanese car manufacturer Suzuki Motor Corp. announced on Tuesday that it was ending its auto sales in the United States due to profitability and would instead focus on sales of motorcycles, ATVs, and marine boats. This decision showcases another Japanese manufacturing victim to the worldwide strength of the yen and weak exports, as well as a sign of low demand for Suzuki's cars in the U.S.
Suzuki Motor Corp. is eyeing Myanmar for its new factory division and is looking at investing several billion yen in the assembly plant. It hopes to produce at least 20,000 to 30,000 cars a year and contribute towards the development of one of the world’s largest industrial complexes. No final date has been set, but Suzuki is hoping to start operations in the new plant by 2015.
Japanese companies are looking to penetrate deeper into the Pakistani market in the Expo Pakistan Exhibit in Karachi this October. They also hope that with their increasing presence and involvement, they can attract the support of the local government in crafting policies that encourage more foreign businesses and investments.
One person died and several dozen were injured when violence broke out at a Maruti Suzuki plant in India. The Japanese embassy put out a statement condemning the act and called for prompt and just punishment to the perpetrators. Maruti Suzuki was a car company that revolutionized the automobile industry in India; it was my first car too!
It is ironic that the customer profile for the kei or light car segment is the ageing population of Japan. However this car-bracket seems to be doing exceedingly well in the auto market. The only hitch in terms of the sales is that the profit margins are small. Mainly because this segment is totally focused on Japan and such cars have no market overseas.