![]() Logo since 1958 | |
![]() Headquarters in Hamamatsu | |
Native name | スズキ株式会社 |
---|---|
Romanized name | Suzuki Kabushiki-Gaisha |
Type | Public (K.K.) |
TYO: 7269 | |
ISIN | JP3397210000 ![]() |
Industry | Automotive |
Founded | October 1909 (as Suzuki Loom Works) |
Founder | Michio Suzuki |
Headquarters | , Japan |
Area served | Worldwide |
Key people | Osamu Suzuki (chairman) (acting) Yasuhito Harayama (vice chairman) Toshihiro Suzuki (President) |
Products | Automobiles, engines, motorcycles, ATVs, outboard motors |
Production output | ![]() |
Revenue | ![]() |
![]() | |
![]() | |
Total assets | ![]() |
Total equity | ![]() |
Owners |
|
Number of employees | 68,499 (2020) [2] |
Subsidiaries |
|
Website | www |
Suzuki Motor Corporation (Japanese: スズキ株式会社, Hepburn: Suzuki Kabushiki-Gaisha) [4] is a Japanese multinational corporation headquartered in Minami-ku, Hamamatsu, Japan. [5] Suzuki manufactures automobiles, motorcycles, all-terrain vehicles (ATVs), outboard marine engines, wheelchairs and a variety of other small internal combustion engines. In 2016, Suzuki was the eleventh biggest automaker by production worldwide. [6] Suzuki has over 45,000 employees and has 35 production facilities in 23 countries, and 133 distributors in 192 countries. The worldwide sales volume of automobiles is the world's tenth largest, [7] while domestic sales volume is the third largest in the country. [8]
Suzuki's domestic motorcycle sales volume is the third largest in Japan. [9]
In 1909, Michio Suzuki (1887–1982) founded the Suzuki Loom Works in the small seacoast village of Hamamatsu, Japan. Business boomed as Suzuki built weaving looms for Japan's giant silk industry. [10] In 1929, Michio Suzuki invented a new type of weaving machine, which was exported overseas. The company's first 30 years focused on the development and production of these machines. [11]
Despite the success of his looms, Suzuki believed that his company would benefit from diversification and he began to look at other products. Based on consumer demand, he decided that building a small car would be the most practical new venture. The project began in 1937, and within two years Suzuki had completed several compact prototype cars. These first Suzuki motor vehicles were powered by a then-innovative, liquid-cooled, four-stroke, four-cylinder engine. It had a cast aluminum crankcase and gearbox and generated 13 horsepower (9.7 kW) from a displacement of less than 800cc.[ citation needed ]
With the onset of World War II, production plans for Suzuki's new vehicles were halted when the government declared civilian passenger cars a "non-essential commodity." At the conclusion of the war, Suzuki went back to producing looms. Loom production was given a boost when the U.S. government approved the shipping of cotton to Japan. Suzuki's fortunes brightened as orders began to increase from domestic textile manufacturers. But the joy was short-lived as the cotton market collapsed in 1951.[ citation needed ]
Faced with this colossal challenge, Suzuki returned to the production of motor vehicles. After the war, the Japanese had a great need for affordable, reliable personal transportation. A number of firms began offering "clip-on" gas-powered engines that could be attached to the typical bicycle. Suzuki's first two-wheeled vehicle was a bicycle fitted with a motor called, the "Power Free." Designed to be inexpensive and simple to build and maintain, the 1952 Power Free had a 36 cc, one horsepower, two-stroke engine. [12] The new double-sprocket gear system enabled the rider to either pedal with the engine assisting, pedal without engine assist, or simply disconnect the pedals and run on engine power alone. [13] The patent office of the new democratic government granted Suzuki a financial subsidy to continue research in motorcycle engineering.
By 1954, Suzuki was producing 6,000 motorcycles per month and his company had officially changed its name to Suzuki Motor Co., Ltd. Following the success of his first motorcycles, Suzuki created an even more successful automobile: the 1955 Suzuki Suzulight. The Suzulight sold with front-wheel drive, four-wheel independent suspension and rack-and-pinion steering, which were not common on cars until three decades later.[ citation needed ]
Volkswagen held a 19.9% non-controlling shareholding in Suzuki between 2009 and 2015. This situation did not last, as Suzuki accused Volkswagen of not sharing promised technology while Volkswagen objected to a deal where Suzuki purchased diesel engines from Fiat. [14] An international arbitration court ordered Volkswagen to sell the stake back to Suzuki. [14] Suzuki paid $3.8bn to complete the stock buy-back in September 2015. [15]
The company was founded by Michio Suzuki; its current Chairman is Osamu Suzuki, [16] the fourth adopted son-in-law in a row to run the company, [17] Osamu Suzuki, the 91 year old Chairman of Suzuki Motor Corporation, will retire in June 2021, handing over to his son Toshihiro. [18]
![]() |
The Suzuki Loom Company started in 1909 as a manufacturer of looms for weaving silk and cotton. Michio Suzuki was intent on making better, more user-friendly looms and, for 30 years his focus was on the development of these machines. Michio's desire to diversify into automotive products was interrupted by World War II. [19] Before it began building four-stroke engines, Suzuki Motor Corp. was known for its two-stroke engines (for motorcycles and autos). [20] After the war, Suzuki made a two-stroke motorized bicycle, but eventually the company would be known for Hayabusa and GSX-R motorcycles, for the QuadRunner, and for dominating racetracks around the world. Even after producing its first car in 1955 the company didn't have an automobile division until 1961. [21] Today Suzuki is among the world's largest automakers, and a major brand name in important markets, including Japan and India, but no longer sells cars in North America. [22]
Based in Gurgaon, Haryana, Maruti Suzuki India Limited is an Indian automobile manufacturer that is a subsidiary of Japanese automaker Suzuki Motor Corporation. [190] Maruti Suzuki produced 1,133,695 units between 1 April 2011 and 30 March 2012. [191] The Suzuki Motor Corporation owns 54.2% of Maruti Suzuki and the rest is owned by various Indian public and financial institutions. The company was incorporated in 1981 and is listed on the Bombay Stock Exchange and National Stock Exchange of India. [192]
Maruti Suzuki was born as a Government of India-led company named Maruti Udyog Limited, with Suzuki as a minor partner, to make lower priced cars for middle class Indians. Over the years, the product range has widened and ownership has changed hands as the customer has evolved.
Maruti Suzuki offers models ranging from the Maruti 800 to the premium sedan Maruti Suzuki Kizashi and luxury SUV Maruti Suzuki Grand Vitara. Maruti 800 was the first model launched by the company in 1983 followed by mini-van Maruti Omni in 1984. Maruti Gypsy, launched in 1985, came into widespread use with the Indian Army and Indian Police Service becoming its primary customers. The short-lived Maruti 1000 was replaced by Maruti Esteem in 1994.
Maruti Zen, launched in 1993, was the company's second compact car model. The company went on to launch another compact car Maruti Wagon-R followed by Maruti Baleno in 1999. It was later replaced by the Suzuki SX4. The SX4 further was replaced by Ciaz.
In 2000, Maruti Alto was launched. The Maruti models include Maruti Suzuki Grand Vitara, launched in 2003, Maruti Versa, launched in 2004, Maruti Suzuki Swift, launched in 2005, Maruti Zen Estilo and Maruti Suzuki SX4, launched in 2007.
On 14 February 2011, Maruti announced that it had achieved one million total accumulated production volume of the Alto. The Alto has reached the million units mark in just seven years and five months since its launch in September 2000. The last half of the million was achieved in 25 months. The Alto became the third car by Maruti Suzuki stable to cross the million units mark, following the Maruti 800 and the Omni.
In January 2012 at the New Delhi Auto Expo, Maruti presented a new car called the Maruti Suzuki XA Alpha, [193] [194] to commence production in mid-late 2013. Maruti Suzuki unveiled the Vitara Brezza in the Indian Auto Expo 2016 as a contender in the subcompact SUV segment.
Maruti Exports Limited is Maruti's exporting subsidiary and, as such, does not operate in the domestic Indian market except in its capacity as an exporter for Maruti Suzuki and for the international Suzuki Motor Corporation as well as their other affiliates. The first commercial consignment of 480 cars were sent to Hungary. By sending a consignment of 571 cars to the same country, Maruti crossed the benchmark of 3,000,000 cars. Since its inception export was one of the aspects the government has been keen to encourage.
American Suzuki headquarters is in Brea, California. The company announced in November 2012 that it would stop selling cars in the United States. [195] [196]
Through an agreement with General Motors, Suzuki began selling a version of their Suzuki Cultus in the United States as the Chevrolet Sprint in 1985. This model was initially sold as a 3-door hatchback and would be Chevrolet's smallest model.
The Samurai was also introduced in 1985 for the 1986 model year and was the first car introduced to the United States by the newly created American Suzuki Corp. No other Japanese company sold more cars in the United States in its first year than Suzuki. The Samurai was available as a convertible or hardtop and the company slogan was Never a Dull Moment. The Samurai was successful until Consumer Reports alleged the Samurai of being susceptible to roll over in a 1988 test. This led to a much publicized 1996 lawsuit, not settled until 2004.
In 1989, American Suzuki introduced the Swift which was the 2nd generation Suzuki Cultus. The Swift was available as a GTi and GLX hatchback with a 4-door sedan following in 1990. A new small SUV called the Sidekick was also introduced in 1989. 1991 saw the introduction of the 4-door Suzuki Sidekick, the first 4-door mini-SUV in North America. The Swift and Sidekick were cousins to GM's Geo Metro and Geo Tracker and were mostly produced in Ingersoll, Ontario, Canada by Suzuki and GM's joint venture, CAMI. The Swift GT/GTi and 4-door models were imported from Japan. Negative evaluations from Consumer Reports of the Suzuki Samurai led to some temporary setbacks at American Suzuki as annual sales in the following years dropped to below 20,000 units.
In 1995, American Suzuki introduced the Esteem and redesigned the Swift. The Swift GT was dropped and this version Swift was specific only to North America where it was built at CAMI. These models were the first Suzuki vehicles to be marketed in North America with dual front airbags. A station wagon version of the Esteem was introduced in 1996. Worldwide Suzuki production reached more than 975,000 cars this[ which? ] year.
Also in 1996, American Suzuki released the 2-door SUV X-90 and a revised Sidekick Sport model with dual airbags, a 95 hp (71 kW) 1.6 liter engine, 15 inch wheels. The Sidekick was replaced by the Vitara and the Grand Vitara for 1999. The Grand Vitara would be Suzuki's first model with a V6-cylinder engine and available 4-wheel ABS brakes.
The XL-7 was introduced in 1998 as a stretched version of the Grand Vitara. The XL-7 had a larger 2.7 liter V6-cylinder engine and 3-row seating. This would be Suzuki's largest vehicle to date.
The Swift was dropped from the model lineup in 2001 and the Esteem was replaced in 2002 by the new Aerio, which was offered as a 4-door sedan and 5-door crossover with 4-wheel drive as an option.
In 2004, General Motors and Suzuki jointly purchased the bankrupt Daewoo Motors renaming the venture GMDAT. American Suzuki rebadged the compact Daewoo Nubira/Daewoo Lacetti as the Forenza and the mid-size Daewoo Magnus as the Verona. The Forenza gained station wagon and hatchback body style in 2005, with the hatchback sold under the Reno name.
2006 was the first year American Suzuki sold more than 100,000 vehicles in the United States. Suzuki redesigned the Grand Vitara in 2006 as well as introduced the all-new SX4 and XL7 in 2007. The Suzuki SX4 is produced as a joint venture with Fiat and the XL7 (notice the shortening of the name from Grand Vitara XL-7) was produced as a joint venture with GM at CAMI Automotive Inc. in Ingersoll. Suzuki put XL7 production on indefinite hiatus in mid-2009 due to low demand and subsequently sold off its share of CAMI back to GM later that year.
Despite a difficult domestic US automarket, Suzuki kept pace with its 2007 sales numbers in 2008. In 2009 however, Suzuki sales dropped 48.5%, [197] following a 17% sales drop in 2008. [198] Suzuki did not import any 2010 model year street motorcycles into the US, with dealers instead relying on unsold stock from the 2009 model year. [199] [200] New street motorcycle models to the US resumed for the 2011 model year. [201]
In November 2012, Suzuki announced that its US division would file for bankruptcy and would stop selling automobiles in the United States. It plans to continue to sell motorcycles, ATVs, and marine products in the US. [195] In ten months of 2012, Suzuki only sold 21,188 automobiles in the US. The combination of a strong yen and Suzuki's own limited offering of models has been blamed for the downturn. [196]
Following the terms of the joint-venture agreement between Suzuki Motor Corporation of Japan (SMC) and Pakistan Automobile Corporation (PACO), Pak Suzuki Motor Company Limited (PSMCL) was incorporated as a public limited company in August 1983. [202]
The new company assumed the assets including production facilities of Awami Autos Limited. PSMCL started commercial operations in January 1984 with the primary objective of passenger cars, pick ups, vans and 4x4 vehicles.
The groundbreaking ceremony of the company's green field automobile plant at Bin Qasim was performed by the then Prime Minister of Pakistan in early 1989.
On completion of first phase of this plant in early 1990, in-house assembly Suzuki engines started. The new plant was completed in 1992, and Suzuki production was transferred to new plant – and three-box 1,300 cc Margalla car was also added to its range of production.
In September 1992 the company was privatized and placed directly under the Japanese Management. At the time of privatization SMC increased its equity from 25% to 40% Subsequently, SMC progressively increased its equity to 73.09% by 31 December 2001.
The Bin Qasim Plant further expanded its production capacity to 50,000 vehicles per year in July 1994 and 300,000 vehicles had been manufactured at this plant by December 2003.
In 2013, Suzuki Canada announced that it would follow the US division and stop selling automobiles in Canada after the 2014 model year. Suzuki Canada will continue to provide parts and services to vehicles through dealer network, as well as selling motorcycles, ATV and outboard motors. [204]
Suzuki GB PLC are the manufacturer's agent and distributor of automobiles, motorcycles, ATV's and Marine engines in the United Kingdom with a head office based in Milton Keynes. A wholly owned subsidiary of the Suzuki Motor Corporation operates as Suzuki Cars (Ireland) Limited in Ireland.
PT Suzuki Indomobil Motor (formerly PT Indomobil Suzuki International until December 2008) is a joint venture between Suzuki Motor Corporation and the Indomobil Group. The company is located in Jakarta, Indonesia and specialized in manufacturing Suzuki vehicles for the local market. A separate company, PT Suzuki Indomobil Sales (SIS), previously PT Indomobil Niaga International, [205] handled sales and marketing of Suzuki automobiles and motorcycles.
Suzuki has done its first activities on the Indonesian market in 1970 about its import firm PT. Indohero Steel & Engineering Company. Six years later they were built the manufacturing facility in Jakarta which is the oldest part of the Indomobil Group.
Their first product was the ST20 Carry (introduced in 1978), it saw extensive use as an Angkot. [206] Nicknamed "Trungtung", it was built until at least 1983. [207] This is an onomatopoetic word for the sound made by the Carry's two-stroke engine.
In 2011, the company invested $800 million for producing Low Cost Green Car (LCGC) in Indonesia. In 2013, Suzuki opened another plant in Cikarang with a total investment of $1 billion. [208] The plant manufactured Ertiga MPV for both domestic and export markets and K10B engine for Karimun Wagon R. [209]
Suzuki Motorcycle India, Private Limited (SMIL) is the wholly owned Indian subsidiary of Suzuki, Japan. The company has a manufacturing plant at Gurgaon, Haryana having the annual capacity of 5,40,000 units. [210]
Current facilities: Japan:
India:
Indonesia (Suzuki Indomobil Motor):
Pakistan:
China:
Taiwan:
Hungary:
Laos:
Thailand:
Vietnam: Philippines:
Cambodia:
Myanmar:
United States:
Brazil: Egypt:
| Former facilities: Japan:
New Zealand:
Spain:
China:
Canada
Argentina:
Colombia:
Malaysia:
Taiwan:
|
Suzuki started manufacturing motorcycles in 1952, the first models being motorized bicycles. [24] From 1955 to 1976 [46] the company manufactured motorcycles with two-stroke engines only, the biggest two-stroke model being the water-cooled triple-cylinder G2F5.
A large factor in Suzuki's success in two-stroke competition was the East German Grand Prix racer Ernst Degner, who defected to the West in 1961, [222] bringing with him expertise in two-stroke engines from the East German manufacturer MZ. The secrets Degner brought with him were three crucial technologies: the boost port, [223] [224] the expansion chamber, and the rotary valve. [225] Walter Kaaden of MZ was the first engineer to combine these three crucial technologies.
Suzuki hired Degner, and he won the 50 cc class FIM road racing World Championship for them in the 1962 season. Suzuki became the first Japanese manufacturer to win a motocross world championship when Joel Robert won the 1970 250 cc title. In the 1970s, Suzuki established themselves in the motorcycle racing world with Barry Sheene Marco Lucchinelli1981 Franco Uncini1982 winning world championships in the premier 500cc class.
In 1976 Suzuki introduced its first motorcycles since the Colleda COX [24] of the 1950s with four-stroke engines, the GS400 and GS750.
In 1994, Suzuki partnered with Nanjing Jincheng Machinery to create a Chinese motorcycle manufacturer and exporter called Jincheng Suzuki.
Suzuki continued to compete in MotoGP and last won the title in the 2000 season. From 2006 to 2011, the team was sponsored by Rizla and was known as Rizla Suzuki MotoGP team. On 18 November 2011, Suzuki announced that the GP racing was suspended, partly due to natural disasters and recession, until 2014. [226] Suzuki returned to MotoGP in 2015. [227]
The next few years in MotoGP were rather experimental for Suzuki, with some spotty success; but in 2020, on Suzuki's 100th anniversary, Spanish rider Joan Mir surprised the world by cinching the 2020 MotoGP World Championship, Suzuki's first GP conquest since Kenny Roberts Jr's World Championship win in 2000.
In addition Suzuki have recorded a total of 94 victories at the Isle of Man TT Races. [228] Suzuki have also taken the runner up spot in the various race categories 100 times and a total 92 third places. [228]
![]() |
Some notable Suzuki motorcycles include the following:
Suzuki is a major sponsor of luge, biathlon, and cross-country skiing sporting events. [312] [313] They were the title sponsor of the 2008 to 2020 edition of the ASEAN Football Championship (as the AFF Suzuki Cup) [314] [315] and have sponsored English League Two club Milton Keynes Dons, Italian Serie A club Torino and Polish Ekstraklasa club Korona Kielce. [316]
Yamaha Motor Co., Ltd. is a Japanese multinational manufacturer of motorcycles, marine products such as boats and outboard motors, and other motorized products. The company was established in 1955 upon separation from Yamaha Corporation, and is headquartered in Iwata, Shizuoka, Japan. The company conducts development, production and marketing operations through 109 consolidated subsidiaries as of 2012.
Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an Indian automobile manufacturer, based in New Delhi. It was founded in 1981 and owned by the Government of India until 2003, when it was sold to the Japanese automaker Suzuki Motor Corporation. As of September 2022 Maruti Suzuki has a market share of 42 percent in the Indian passenger car market.
The Suzuki Alto is a kei car produced by Suzuki since 1979. The model, currently in its ninth generation, was first introduced in 1979 and has been built in many countries worldwide. The Alto originated as a commercial vehicle derivative of the Fronte, but over time the Alto nameplate gained in popularity and by 1988 it replaced the Fronte name completely. The Alto badge has often been used on different cars in Japan and in export markets, where it is considered a city car.
The Suzuki GSX1300R Hayabusa is a sports motorcycle made by Suzuki since 1999. It immediately won acclaim as the world's fastest production motorcycle, with a top speed of 303 to 312 km/h.
The Suzuki Cultus is a supermini car produced by the Japanese manufacturer Suzuki from 1983 to 2016. The nameplate is currently used as a rebadged second-generation Suzuki Celerio in Pakistan since 2017. It was first presented at the 25th Tokyo Motor Show, formally introduced to Japan in 1983 and ultimately sold in seven countries across three generations and marketed worldwide as the Suzuki Swift for the first two generations. An alliance formed in 1981 between General Motors, Suzuki and Isuzu allowed GM to market the Cultus as a captive import internationally under more than a dozen nameplates including the Geo Metro, Chevrolet Sprint, Pontiac Firefly and Holden Barina. It was also known as the M-car within GM.
The Suzuki GS series was Suzuki Motor Corporation's first full range of 4-stroke powered road motorcycles, having previously almost exclusively manufactured 2-stroke machines. Suzuki had produced the 4-stroke Colleda COX 125cc and 93cc 4-stroke single-cylinder machines in 1955 however the rest of Suzuki's production from 1952 to 1976 had been increasingly sophisticated two-stroke road machines, whose ultimate expression was the 750cc 3-cylinder water-cooled GT750.
A sport bike is a motorcycle designed and optimized for speed, acceleration, braking, and cornering on asphalt concrete race tracks and roads. They are mainly designed for performance at the expense of comfort, fuel economy, and storage in comparison with other motorcycles.
The Suzuki Katana is a street motorcycle sold between 1981 and 2006 and then since 2019. It was designed in 1979–1980 by Target Design of Germany for Suzuki.
The Suzuki Jimny is a series of four-wheel drive off-road mini SUVs, manufactured and marketed by Japanese automaker Suzuki since 1970.
TVS Motor Company is an Indian multinational motorcycle manufacturer headquartered in Chennai. It is the third largest motorcycle company in India in terms of revenue. The company has annual sales of three million units and an annual production capacity of over four million vehicles. TVS Motor Company is also the second largest two-wheeler exporter in India with exports to over 60 countries.
The automotive industry in India is the fourth-largest by production in the world as per 2021 statistics. In 2022, India became fourth largest country in the world by valuation of automotive industry. As of 2022, India is the 3rd largest automobile market in the world, surpassing Japan and Germany in terms of sales.
The Suzuki Boulevard S40 is a lightweight cruiser motorcycle manufactured by the Suzuki Motor Corporation for the Japanese domestic market, and exported to New Zealand, North America, as well as to Chile and other countries.
The Suzuki Carry is a kei truck produced by the Japanese automaker Suzuki. The microvan version was originally called the Carry van until 1982 when the passenger van versions were renamed as the Suzuki Every. In Japan, the Carry and Every are kei cars but the Suzuki Every Plus, the bigger version of Every, had a longer bonnet for safety purposes and a larger 1.3-liter 86-hp (63 kW) four-cylinder engine. They have been sold under myriad different names in several countries, including those with Chevrolet and Ford badges.
The Auto Expo is a biennial automotive show held in Greater Noida, NCR, India.
Pak Suzuki Motor Company Limited (PSMCL) is a Pakistani automobile company which is a subsidiary of Japanese automaker Suzuki.
The Suzuki Splash is a city car that was introduced to the market in 2008. It was jointly developed by Suzuki Motor Corporation and Opel GmbH, which market their version under the name of Agila. Its debut as a concept car took place at the 2006 Paris Motor Show, making its production form debut at the 2007 Frankfurt Motor Show.
The Suzuki Kizashi is a mid-size car manufactured by Japanese automaker Suzuki. It was unveiled in the United States on July 30, 2009. The Kizashi went on sale in Japan on October 21, 2009, in North America on December 1, 2009, and in Australia and New Zealand on May 11, 2010. It is the first mid-size Suzuki automobile sold in the Australian market. In February 2011, the Kizashi became available to the Indian market. The car was also available on European markets. In 2012, the Kizashi was also sold in the Iranian market.
The automotive industry in Pakistan is one of the fastest-growing industries in the country, growing by 171% between 2014 and 2018. It is accountable for 4% of Pakistan's GDP and employed a workforce of over 3.5 million people as of 2018. Pakistan is the 35th largest producer of automobiles. Its contribution to the national exchequer is nearly Rs. 50-billion. Pakistan's auto market is among the smallest but fastest growing in Asia. 269,792 cars were sold in 2018 but declined to 186,716 in 2019 due to austerity measures. Pakistan used to have many Japanese cars in the 1990s and early 2000s. With the launch of the first Auto Policy in 2005, Pakistan launched its first indigenous car, Adam Revo. However, after the 2008 elections, the dollar started depreciating, and due to bad governance, many automakers began to halt production, and some even exited Pakistan. Currently, the auto market is dominated by Honda, Toyota, and Suzuki. However, on 19 March 2016, Pakistan passed a second "Auto Policy 2016-21", which offers tax incentives to new automakers to establish manufacturing plants in the country. In response, Renault, Nissan, Proton Holdings, Kia, SsangYong, Volkswagen, FAW, and Hyundai have expressed interest in entering the Pakistani market. MG JW Automobile Pakistan has signed a memorandum of understanding (MoU) with Morris Garages (MG) Motor UK Limited, owned by SAIC Motor, to bring electric vehicles to Pakistan. NLC signed an agreement with Mercedes Benz to manufacture Mercedes Actros trucks in Pakistan. Pakistan has not enforced any automotive safety standards or model upgrade policies. A few old models of vehicles, including the Bolan and Ravi, continue to be sold by Suzuki. On 8 July 2021, Jolta Electric launched the production of electric motorcycles.
The automotive industry in Bangladesh is the third largest in South Asia.
Meguro motorcycles were built by Meguro Manufacturing Co motorcycle works (目黒製作所), founded by Hobuji Murato and a high-ranking naval officer, Takaji Suzuki, in 1937. One of the first Japanese motorcycle companies, it became a partner of Kawasaki Heavy Industries Ltd, and was eventually absorbed. Named after a district of Tokyo, Meguro had its roots in Murato Iron Works, which was established in 1924. Meguro Seisakusho, which had once developed a copy of a Harley-Davidson V-twin, was established to design and build gearboxes for the nascent Japanese motorcycle industry. Abe Industries, which had once produced its own motorcycle, merged with Meguro in 1931. The brand is being revived by Kawasaki with a new K3 model to be introduced in Japan on February 1, 2021.
300, Takatsuka-cho, Minami-ku, Hamamatsu City, JAPAN 432-8611
Even the most prominent businesses like Toyota and Suzuki, camera-maker Canon and soy sauce firm Kikkoman have a tradition of adopting sons to continue the family business. The current chairman and CEO of Suzuki, Osamu Suzuki is the fourth adopted son in a row to run the company.
Suzuki's American division, famous for motorcycles and ATVs, is struggling mightily to sell cars.
American Suzuki filed for bankruptcy on 5 November 2012. Suzuki Canada scrambled to reassure dealers, employees and customers it would drive safely past the wreckage. That was wishful thinking.
This was Japan's first proper 4-wheeled minicar. It was released in October 1955 with a 2-stroke, 360 cc engine. The 'Suzu' of the name was an abbreviation of its manufacturer, Suzuki, and 'light' indicated both the nimble operation of the car and evoked an image of illumination. The Suzulight was the first Japanese vehicle to successfully mount a 2-stroke engine in a 4-wheeled car, and it was also the first wholly Japanese vehicle to use a front-engine front-wheel drive set up.
Given the current global economic downturn, all bets are off on reaching its sales target, but Suzuki's Canadian operation is currently operating with the throttle wide open nevertheless.[ permanent dead link ]
1–2, Utari, Shiratori-cho, Toyokawa-shi, Aichi.
The two-lap 50cc race was regarded as a bit of a giggle by some cynics, but they could not have been proved more wrong as the Grand Prix battles between Suzuki, Honda and Kreidler spilled on to the Mountain Course.
History was made in the 50cc race, which was increased to three laps after the previous year's success.
Suzuki was in a unique position though. In addition to celebrating its 50th year in 2013, it also saw the end of automobile production in the States following approval of bankruptcy filings in March.
Frontes were exhibited at the Tokyo Motor Show from 1962 to 1964, and the 800 cc class small passenger vehicle that was shown as an R & D vehicle was eventually released as the Fronte 800 in 1965. It featured a water-cooled 2-stroke 785 cc power plant and a front-engine front-wheel drive set up mated to a 4-speed transmission that propelled the car to a top speed of 115 km/h. Its styling was ahead of its time, which assured its favorable reception.
2500, Iwai, Iwata-shi, Shizuoka.
4520, Shirasuka, Kosai-shi, Shizuoka.
The original Jimny, the LJ10, was unveiled in Japan in 1970 – although it first appeared in Australia in 1974 as the LJ20, powered by a 360cc water-cooled two-stroke engine.
This motorcycle had a water-cooled, 2-stroke, 3-cylinder engine that provided good acceleration over a wide speed range from low to high. Technologies developed for Grand Prix racing were incorporated into the body structure and brakes. Easily visible meters and other features were also provided.
This masterpiece of ambition was equipped with a water-cooled, single-rotor Wankel rotary engine. The RE-5 gained popularity all over the world for its completely unique design by Giorgetto Giugiaro, as well as its peripheral port system and twin mufflers.
Since 1959, Suzuki came into the Philippine motoring scene through the able management of Rufino D. Antonio and Associates Inc wherein they handled nationwide distribution of Suzuki motorcycles.
Marking a new beginning for the giant Japanese car, motorcycle and marine manufacturer in Australia, the new purpose-built complex will be in Melbourne rather than Sydney, the company's home for 18 years.
The companies hope to gain an edge in the increasingly competive [sic] market for small, fuel-efficient cars with an engine displacement of 1,000 cubic centimeters and under. The agreement provides for each of the three companies to acquire shares in the other companies and to offer mutual technological and marketing assistance.
GM has held an equity stake in Suzuki since 1981, when it purchased approximately 5.3 percent of the Suzuki shares outstanding. GM's stake was diluted to 3.5 percent in subsequent years, but in 1998 GM increased its holding in Suzuki to 10 percent, and to slightly over 20 percent in 2001. In 2006, GM sold a 17.4 percent stake in Suzuki.
Though the Samurai wasn't the first Suzuki off-roader to be sold in Canada, it was more popular. Arriving in 1981, the rugged and affordable ute quickly became popularity. Unfortunately its high centre of gravity and quick steering made it prone to rollovers. Sales ended in Canada in 1989, but continued in the U.S. until 1995.
In 1981 Suzuki continued to enjoy a developing level of success in the domestic market, but it was with the export of the SJ410 that the company really broke into new markets.
Suzuki Motor Corp owns 54.2 percent in Maruti Suzuki India Ltd, India's leading car maker.
Pak Suzuki Motor Company Limited (PSMCL) is a public limited company that was formed in 1983 as a joint venture between Pakistan Automobile Corporation Limited and Suzuki Motor Corporation Japan. A year later, the Company started its operations, which were initially limited to the assembly and marketing of Suzuki FX.
Years ago some clean shaved kind hearted Japanese men come down to Karachi – better known as the 'city of no-lights' located in the 'country of no-lights' with the same aim as Tata. In 1982 Awami Auto Limited began the production of the Suzuki SS80 or Suzuki FX as we call it and the very next year Awami Autos Ltd was renamed Pak Suzuki Motor Company Ltd which in 1988 ceased the production of FX and brought in the second generation Suzuki Alto which in Pakistan is called Mehran.
While the public was still enamoured with the three-wheel layout, Suzuki figured a fourth wheel couldn't hurt. While three-wheelers are nimble and agile, their triangular arrangement made them prone to rollover accidents. The fourth wheel dramatically reduced the risk of toppling over, creating what we recognize today as an ATV.
The Suzuki RG250G was the dream machine of road bikes, developed using technologies that Suzuki had accumulated on the Grand Prix racing circuit. Every imaginable technology was packed into the machine, including the first aluminum square-pipe frame in the world to be used on a mass-market motorcycle.
The last time the American market saw a Suzuki Swift was in 2001. Some of you might not remember the Swift, but you might recall its very close cousin the Geo Metro. The Suzuki Swift was originally named the Suzuki Cultus and first introduced to the Japanese market in 1983. From 1983 on, the Cultus was marketed in seven countries under several different nameplates, the best-known of which were Suzuki Swift and Geo Metro. Since 2001 we have been without the Swift nameplate, but recent news has pointed to the return of the Suzuki Swift for 2011.
The first shipload of 900 fuel-efficient, 60-horsepower cars, called the Cultus, left for the United States from central Japan on Sunday, he said. G.M., which owns 5 percent of Suzuki and helped develop the car, wanted to import up to 100,000 of the cars a year. But because the cars are Japanese-made, they fell under that country's United States import quotas and the government allowed G.M. only 17,000.
When the Suzuki Samurai entered the United States in late 1985... its ride was brutal. Its handling at highway speeds was frightening. And it was noisy... Today the Samurai is selling at the impressive rate of 8,000 vehicles per month, largely to younger buyers, 25 and under. It is also appearing before a growing number of juries in court cases stemming from roll-over accidents... Suzuki says its first-generation Samurai vehicles are safe. The plaintiffs disagree. Presumably, the courts will decide who's right. What's certain is that the 1988 1/2 Samurai is superior to those earlier models that have brought Suzuki so much fortune, fame and trouble.
Samurai sales, which had been running at 5,000 to 6,000 a month for the first five months of the year, dipped to 2,199 in June after the Consumers Union report. American Suzuki, which is owned by the Suzuki Motor Company of Japan, heatedly denied the accusation and offered a $2,000 cash incentive to its dealers – a very substantial amount on a vehicle with a base price of $8,495. That allowed dealers to cut prices aggressively, and at the same time Suzuki increased its advertising.
The Suzuki GSX-R750 came onto the market equipped with the styling and mechanisms of endurance-racing motorcycles. Suzuki incorporated into this mass-market vehicle technologies that it had developed through its racing experience, and it became a best-seller in the 750 cc class.
Sales reached one million in 1985 and the three million mark was passed in 1993. However, expansion of Suzuki's subcompact lineup and the increasing popularity of RV-style subcompacts like Suzuki's own Type R slowed production of the Alto.
Analysts said Suzuki will be the pioneer in the 'mini-sport utility' market, a segment in which the domestic companies have announced no plans to compete. The Big Three U.S. auto makers all sell full-size off-road vehicles, and American Motors has long been a major competitor with its Jeep line.
'This car is available in 103 countries throughout the world, this being the 103d, not the first,' said N. Douglas Mazza, vice president and general manager of the Suzuki of America Automotive Corporation in Brea, Calif. 'In the 102 other countries, they see it as a sports-utility car. But in our campaign, you won't see any reference to what kind of car it is. Let the buyer define it.'
JINAN QINGQI MOTORCYCLE CO., LTD.(JNQQ) was established in 1956, the headquarters is in Jinan City, Shandong Province, where the first civil motorcycle of China was made. Since 1985, Jinan QINGQI started to work with SUZUKI (JAPAN) technically, and manufactured the first scooter in mainland of China. Established the Joint Venture with SUZUKI in 1996, with PEUGEOT in 2006, and became the only company who has 2 different technical systems from both Europe and Japan.
Unlike three other Asian auto plants being built in Canada, the companies said they have agreed to abide by a treaty between the United States and Canada requiring greater Canadian content in cars produced here.
But before the Toyota and Honda SUVs were even a gleam in product planners' eyes, Suzuki had virtually invented the compact soft-roader market with the 1988 debut of the Escudo in Japan and launched a year later in the U.S. as the Sidekick.
Also Monday, American Suzuki announced its 1990 automobile lineup. The Samurai is being de-emphasized, with fewer models and options being offered. Meanwhile, the Sidekick—a squat version of the Samurai with a lower center of gravity, is being offered in several new configurations. As last year, there will be three models of the Swift.
- General Motors Corp. is importing nearly 150,000 units a year from Japanese affiliates Isuzu Motors Ltd. and Suzuki Motor Co. Ltd. and buys another 100,000 to 150,000 units a year from New United Motor Manufacturing Inc., its joint venture in Fremont, California, with Toyota Motor Corp. (GM's joint venture in Canada with Suzuki, called Cami Automotive, is expected to provide another 120,000 utility vehicles a year to the U.S. automaker. The plant is scheduled to open in April.)
Japanese auto makers have started marketing mini-vehicles with upgraded standards, bolstering prospects for recovery of the mini-car market, industry sources said today.
The Suzuki Motor Corporation began the first major Japanese investment in Eastern Europe today, signing a joint venture project that will start producing hatchback passenger cars at a former Soviet military base in northern Hungary next year. The $235 million Magyar Suzuki plant, near the Danube River in the city of Esztergom, represents the largest single foreign investment in Hungary.
Like its local rivals, Daewoo was looking more to the protected—and lucrative—domestic market, which bought 60% of all Korean-built cars in 1989, up from only 33% in 1987. But its rivals were introducing cars with newer technology. When GM balked at Daewoo's request for newer models to keep up, the Korean company inked a technology-sharing deal with Japan's Suzuki Motor Co.
Looking like the runt of the litter from an unholy union between a Mazda MX-5 and a Dodge Viper, the Cappuccino was a rear-wheel drive convertible that featured a removable roof and roll bar and was powered by a mighty 657cc three-cylinder engine. It was produced from 1991 until 1997 and a few are still visible on local roads, but now it seems there is a rumour doing the rounds that Suzuki is considering reviving its little RWD hero for a launch in 2016!
Under the terms of the joint venture, Suzuki and the government take turns in nominating MUL's managing director, for five years at a time. The present boss, Ravindra Bhargava, was Suzuki's choice. His term runs out this month, and the government and Suzuki cannot agree on his successor. The head of the Japanese firm, Osamu Suzuki, has been invited to India to help make the final decision. Even if a compromise is reached, this may be just a preliminary skirmish in a battle for control.
Suzuki formed Wangjian Suzuki Motorcycle Co., owned 50 percent by Wangjiang Machine Building Plant, 35 percent by Suzuki and 15 percent by Nissho Iwai Corp., in last month to produce 7,500 250-cubic centimeter Suzuki motorcycles in the first year and 50,000 in the third year.
The Suzuki Alto 20th Anniversary Edition has been launched on the China car market, price starts at 52.400 yuan and ends at 61.400 yuan. Best thing: it comes only in Pink! The pinky special edition celebrates the 20th birthday of the Chang'an-Suzuki joint venture that started making the second generation Suzuki Alto in June 1993.
The Wagon R has a short bonnet and a tall body style. Featuring upright seats for ease of ingress and egress, its spacious passenger compartment accommodates 4 adults. It has a fully flat luggage compartment with a generous amount of space. The Wagon R has a highly rigid body and a wide field of vision and demonstrates its environmental consciousness by adopting the new R134a refrigerant. Named the 1993 RJC Car of the Year.
Suzuki called it the Wagon R. Launched in late 1993, Aoshima's creation became Japan's car of the decade. It accommodates four adults and luggage, and has seats that recline, fold flat into a bed or tuck away to maximize storage space. 'It's like a 4.5-tatami room,' marvels one Tokyo-based analyst, referring to the multifunctional spaces in small Japanese homes. Every Japanese minicar maker borrowed the Wagon R concept, and it appeared later in the two Mercedes designs, the A-class and the Smart.
The first Maruti vehicle, a Maruti 800, was rolled out on 14 December 1983. The first million was reached in March 1994 while the second million was completed in October 1997. The three millionth vehicle was rolled out in June 2000 while the four millionth vehicle was manufactured in April 2003, the last million being the fastest, coming in just two years.
Last month, Suzuki, owners of 84 per cent of Andalusia's only car plant, Santana Motor, announced a 'suspension of payments' – its liquidity could not cover its short-term debts. It said it would not invest another peseta, that a new investor would have to come up with 38 billion pesetas (around pounds 190m) and that 60 per cent of Santana's 2,400 workers would have to go.
The Associated Press reported that Suzuki Motor Corp.'s joint venture with Vietnam has started operating an assembly plant to make light trucks and motorcycles. The financial newspaper Investment said the factory, located in the Bien Hoa industrial zone north of Ho Chi Minh City, had set a production goal of 10,000 trucks and 30,000 motorcycles per year. The venture's product will be sold locally in Viet Nam and exported.
Viet Nam Suzuki Corp began to manufacture motorbikes at Binh Da factory in Dong Nai in 1996.
Suzuki has been operating in Vietnam since 1996 with the construction of a motorcycle and automobile plant in Long Binh Techno Park in Dong Nai Province. In 2006, it built a new motorcycle plant to meet demands from the expanding market in Vietnam with an annual output of 80,000 units, also in Long Binh Techno Park.
Suzuki also qualifies as a four-stroke innovator, having won the American marine industry's top prize last year for its 65- and 75-horsepower models. Tests show that Suzuki has better acceleration than its competitors. In fact, Suzuki's engines have proved to be so good that the company now makes all the four-strokes for Outboard Marine Corp.'s Evinrude and Johnson lines.
The auto manufacturer released what it said was evidence that CU, which publishes Consumer Reports magazine, rigged results in 1988 to make the vehicle look bad and boost magazine sales.
In its comment on roll-over standards, presented to the National Highway Traffic Safety Administration yesterday, the car maker included an affidavit from a former Consumers Union test mechanic that after the car failed to tip after several runs, a senior Consumers Reports editor in effect instructed the testers to find someone who could make the car go up on two wheels. Suzuki said a videotape of the test, obtained from Consumers Union under a court procedure, also reveals a car tester yelling, 'All right, Ricky baby!' when a Samurai driven by Richard Small tipped up in a test.
In the ongoing wrestling bout between the Industry Ministry and Suzuki Motor Company (SMC) of Japan for the control of Maruti Udyog Limited (MUL), the Indian side has put its opponent on a half nelson.
G.M. is strong in North America, Latin America and Europe, but it does not have a big presence in Asia. It hopes to use Suzuki as a springboard to increase its presence there.
The government has signed a memorandum of understanding and settlement with the Suzuki Motor Corporation under which appointments of chairmen and managing directors of their joint venture, Maruti Udyog Limited, will be made only after mutual consultation.
Changan Suzuki Automobile Co., Ltd now has 4176 staffs, of which there're about 880 management and technology personnel. Changan Suzuki is mainly engaged in four products series: LingYang (came to market in June 1998); Swift (came to market in April 2005); TianYu SX4 (sedan) (came to market by the end of 2006) and SX4 (hatchback) (came to market in March 2007); new Alto (came to market in September 2009).
The maker had produced motorcycles and small commercial vehicles in Myanmar under a joint company with a state-backed enterprise since 1998, when the country was ruled by a military government.
Myanmar Suzuki Motor Co., Ltd. manufactures motorcycles, small passenger cars, and commercial vehicles. The company was founded in 1998 and is based in Yangon, Myanmar. Myanmar Suzuki Motor Co., Ltd. operates as a subsidiary of Suzuki Motor Corp.
And after nearly 30 years on these shores, the company had failed to craft much of an identity among American consumers. In China, Malaysia and elsewhere, Suzukis are seen as cheap yet stylish transportation, an image that it could never build here. Suzuki's models were never top of their class in any particular measure; the 16-year battle with Consumer Reports over its pillory of the 1988 Suzuki Samurai didn't help. Among motorcycle enthusiasts, the Suzuki Hayabusa remains legend as the world's fastest production bike, but Suzuki never found a way to translate the enthusiasm for its two-wheeled products to those with four.
The Suzuki Hayabusa had a 1299 cc 4-cylinder DOHC engine, which employed the latest electronic fuel injection system. High-speed plated cylinders were used for the engine, and excellent piston cooling efficiency was achieved through the use of a compact and lightweight cylinder block and crankshaft. The multi-reflector low beam and projector high beam were characteristically laid out one above the other. Large air intakes to introduce boost pressure were laid out on both sides of the lights in locations that maximize running wind pressure. This contributed to greatly increased horsepower and torque. A large capacity clutch helped to realize fine gear engagement and light clutch feeling. The aerodynamic performance was optimized by an elaborate design around the cowling featuring a one-piece front fender, air intakes, and the like, as well as by optimal layout of the radiator and oil cooler.
American Suzuki Motor Corp. has appointed longtime company executive Rick Suzuki as its new president. He had been president of CAMI Automotive Inc., an auto manufacturing joint venture of Suzuki Motor Corp. and General Motors of Canada. Suzuki will be responsible for directing all of Brea-based American Suzuki's operations, including its automotive, motorcycle and marine divisions. Suzuki began his career with Suzuki Motor Corp. in Japan in 1974. He joined Suzuki Canada Inc. in 1987 and was responsible for overseeing operations for all three divisions of the Canadian subsidiary. He launched Suzuki Motor's automotive division operations in Canada.
In a March letter to employees, the 60-year-old Rick Suzuki wrote that he would step down 'to bear responsibility' for the automaker's poor sales and earnings. No timeframe was given for his departure. Chairman of American Suzuki since 1998, he is the grandson of Suzuki Motor Corp. founder Michio Suzuki.
Also unveiled in Switzerland for the Geneva show and likely to come to America: the Suzuki Liana, a five-door compact minivan-like vehicle known in Japan as the Aerio. The Liana, based on the Suzuki Esteem, will come in front-wheel-drive and all-wheel-drive configurations.
SUZUKI is claiming its new hatchback will bring unbeatable value to the compact business car sector when it is launched this month. Priced from £9,995 on-the-road, the Liana – short for Life in a New Age – is a five-door, five-seat model that has the potential to drive Suzuki into the heartland of the C segment by offering significantly higher perceived value than European market pacesetters like the Volkswagen Golf and Ford Focus.
Suzuki Manufacturing of America Corporation (SMAC) was created in 2001 to establish Suzuki's first US manufacturing facility. SMAC will initially be building ATV's in it's[sic] 100,000 square foot manufacturing facility located on Technology Parkway in Rome, Georgia.
The Suzuki Choinori was developed to be mainly used for short journeys for commuting and shopping. The appropriate engine output, body structure, and required functions were reviewed from the basic design phase in pursuit of mass reduction, rationalization of parts, and high quality. It achieved mass reduction of about 40% compared with a conventional scooter by reducing the size of parts, the application of a new engine, a newly designed frame, and by careful reduction of the number of plastic parts. Such rationalization, including a reduction in the number of parts tightened by nuts and bolts, enabled the Choinori to be sold at the low price of 59,800 yen. Colored resin was used for plastic parts to provide 6 body colors without the need for painting. A new high-speed cylinder plating technology was introduced for the newly developed 4-stroke engine to enable high-speed processing at low cost. This reduced the weight of the engine by about 40% compared with a conventional 50 cc engine.
Suzuki hired its first 60 production workers (24 of them with the Coosa Valley certification) in 2002 and another 100 last year. Production is running at 300 all-terrain vehicles a day, with a 0.2% manufacturing-defect rate and, so far, no injuries.
In May 2002, Suzuki Manufacturing of America Corp. (SMAC) opened in Rome, Ga., as Suzuki's only U.S.-based manufacturing facility and began producing the Eiger series of ATVs. Today, 300 SMAC employees are building ATV frames, molding plastic and assembling KingQuad 400s, 450s and 750s at a rate of more than 200 units in an eight-hour shift. Last year almost 60,000 quads came off the line.
In fact, the joint project between Suzuki and Fiat is one of the fruits of its relations with GM, which owns 20 percent stakes in both the Japanese and the Italian carmakers.
Introduced to the United States in 1985, the Suzuki Samurai made an instant name for itself with a combination of bargain-basement pricing and real off-road ability, even if it only had 62 hp under the square hood. The good times ended a few years later when Consumer Reports ran the photo above, warning the Samurai 'easily' rolls over in sharp turns. That story sent Samurai sales plunging, and Suzuki filed a libel suit against the magazine in 1996, a year after halting Samurai sales in the face of tougher safety standards.
The joint statement said Consumer Reports' use of the adverb 'easily' in describing the Samurai's tendency to roll over might 'have been misconstrued and misunderstood.' The magazine was referring to the results of 'severe turns' in certain tests and 'never intended to state or imply that the Samurai easily rolls over in routine driving conditions,' the statement said.
This year's show sees the European launch of the New SWIFT, which was previously premiered at the Paris Motor Show in 2004... We also introduce our recently established brand philosophy 'Way of Life!' which is to put further emphasis on our customers and their individual ways of life with our products. It is also to show, with this phrase, our devotion to creating cars that will bring true customer satisfaction.
The 2005 Geneva Motor Show presents the ideal opportunity to introduce both our new Swift compact, as well as our fresh new brand philosophy, which we've chosen to call 'Way of Life!' Like all our products, the Swift has been designed to deliver a driving experience with genuine worldwide appeal.
Globally introduced at the Geneva Motor Show in March 2006, the Suzuki SX4 compact sport X-over with AWD will make its North American debut at the NYIAS. The all-new SX4 features a versatile, rigid five-door design, a standard all-wheel-drive system and for the U.S. market, a sophisticated fuel-sipping 2.0-liter DOHC engine.
The XL7 is based on General Motors Corp.'s Theta platform (Chevrolet Equinox, Saturn Vue, Pontiac Torrent). The XL7 will be built at Suzuki's CAMI Automotive Inc. joint venture with GM in Ingersoll, Ont., Canada, which last built a Suzuki vehicle in January 2004. CAMI also produces the Equinox and Torrent.
Suzuki still has a long way to go to become a household word as far as four-wheel vehicles go, but they're now better prepared to take on the big dogs with vehicles like the XL7. The trick is to get customers into their showrooms (and, as a corollary, for potential customers to find those dealers).
This month, GM sold 17% of Suzuki Motor Corp. for about $2 billion, leaving it with a 3% stake. That came after last year's sale of GM's 20% stake in Fuji Heavy Industries Ltd., the maker of Subaru cars.
For the first time, Suzuki sold more cars in India than in Japan during the first half of the fiscal year and by March 2009 will be making nearly 1 million cars a year in the country.
The announcement of the timetable for production of the Suzuki truck at Nissan's plant in Tennessee coincided Tuesday with Suzuki officials saying the company would build a new compact hatchback in India that will be sold worldwide.
The Asian automaker will repurchase the shares for $230 million.
In the U.S., Suzuki is best known for motorcycles and all-terrain vehicles, with sales of more than 1 million units here the last five years, or about 10 times more than the cars it sells in the U.S. annually.
Suzuki's U.S. auto sales rose less than 1 percent last year to 102,000, following three years of gains of at least 11 percent. In 2003, Rick Suzuki, the grandson of the company founder, predicted U.S. sales would reach 200,000 by the end of 2007.
Unfortunately for ASMC employees, Rick Suzuki also wrote in the letter that due to the fact the company reported operating losses in 2007, it will reduce its U.S. work force of 674 by 55 employees through a voluntary retirement plan and that ASMC 'is in no position to provide any bonus, let alone pay raise this year'.
The Nissan Frontier is ideally suited as the basis for the Equator, which is scheduled to arrive later this year. Its compact dimensions (slightly larger than a Ford Ranger and just a touch smaller than the mid-size Toyota Tacoma) neatly fits Suzuki's small-car-focused lineup, yet its solid body-on-frame construction and impressive power from an available V6 give it tremendous versatility.
In the deal, which is subject to regulatory approval and is expected to close in January, Volkswagen will purchase 19.9 percent of Suzuki's issued shares for ¥222.5 billion, or $2.5 billion. Suzuki will invest up to half of that amount received from Volkswagen into shares of Volkswagen.
Rod Lopusnak, U.S. sales manager, told the plant workers that of the 311,537 four-wheelers manufactured at the Rome plant, more than 260,000 have been sold in the U.S. 'The last two years have been very difficult on Suzuki and the whole U.S. economy, but the power sports business in general has been challenged like never before,' Lopusnak said.
VW appears to have had a hidden agenda, which was to bring Suzuki into its group as an affiliate. Such an intention was revealed in VW's annual report published in March that listed Suzuki as a consolidated entity within the group. This 'Freudian slip' caused shockwaves in Hamamatsu and was the last straw for Chairman Suzuki.
Suzuki, a specialist in building small cars profitably for emerging markets, said on Thursday it initiated arbitration procedures with the International Chamber of Commerce International Court of Arbitration in London. A spokesman for Volkswagen reiterated that the company believed there was 'no legal basis whatsoever obliging us to surrender our shares.'
For Suzuki, the new Indonesia plant is part of a campaign to expand rapidly in Asian markets outside Japan, and to solidify its lead in India. While the company remains committed to its home market, sluggish demand and intense competition there have led it—and most other Japanese auto makers—to seek growth abroad. The yen's rise to record highs against the dollar has made exports from Japan less competitive, so the makers are ramping up production elsewhere.
The deal sees the creation of a separate company called SMILE FC System Corporation, which both businesses have a 50 per cent stake in. Phil Caldwell, Intelligent Energy's business development director and a SMILE FC board member, said: 'This joint venture is the latest exciting development in the successful relationship between Intelligent Energy and Suzuki, which has previously resulted in the Crosscage motorcycle and the Suzuki Burgman Fuel Cell Scooter. It is a big step towards the mass production of automotive fuel cell systems.'
Given the rash of publicity that has been mounting around the already-certified, ready-to-go (Suzuki was granted Whole Vehicle Type Approval in March 2011 for the Burgman) Burgman FC scooter, it will almost certainly be the new company's first commercial product.
The launch of the model, designed to run more than 20 kilometres per litre of fuel, followed a similar launch by Mitsubishi Motors Thailand of its new Mirage model on Tuesday. Five Japanese automobile manufacturers won tax privileges to design and produce compact, fuel-efficient passenger cars for the domestic and export market.
Suzuki said that its 'automotive division was facing a number of serious challenges,' including the low sales volume, a dearth of models, the unfavorable exchange rate between the U.S. dollar and the Japanese yen, the cost of the maintaining a dealership network and the regulatory environment for the automotive industry in the U.S.
Unlike larger carmakers, the Japanese automaker failed to rebound from the recession as North American car sales plummeted 72% to 30,000 for the fiscal year that ended 30 March from a peak of 107,000 in fiscal year 2008.
The 50th anniversary Suzuki GSX-R1000 was launched in front of the media and Suzuki owners in the Suzuki hospitality today at Indianapolis Motor Speedway.
He needed to reassure everyone in his organization ... that it will be business as usual for Suzuki Canada: meaning many late-Monday-night phone calls and meetings, plus a media release indicating as much.
The revenue from selling about 5,500 vehicles, as Suzuki did in Canada last year, do not come close to covering the costs of designing and developing vehicles for a market this size, along with meeting regulatory requirements that are different than those of the company's other large markets such as Japan and India.
Despite Suzuki's departure from the U.S. market, the company continues to be a player in other parts of the world, a fact underscored by the Geneva introduction of its new SX4 crossover. The SX4 has been one of Suzuki's most popular offerings, and the latest iteration continues to be a five-passenger vehicle, based on a front-drive unibody platform, but it is substantially bigger than the current model, with a much more contemporary look and upscale interior furnishings.
Company exiting U.S. auto market after 30 years
ASMC's Chapter 11 Plan was confirmed by Bankruptcy Judge Scott C. Clarkson of the U.S. Bankruptcy Court for the Central District of California in Santa Ana on 28 February 2013. The Chapter 11 Plan became effective on 31 March 2013, when ASMC closed its assets sale and commenced paying the claims in full of all consensually settling Automotive Dealers and trade creditors through the PE Creditor Trust established by the Plan.
'There have been talks at board level,' one of the people familiar with the matter told Reuters, a sign that the frosty relations between the two car makers may be thawing.
Suzuki Motor Corp (7269.T) Executive Vice President Toshihiro Suzuki denied recent media reports that it and Volkswagen (VOWG_p.DE) have resumed talks on how to resolve a dispute about a partnership deal.
The recall involves GSX-R600 and GSX-R750 motorcycles from the 2004 through 2013 model years and GSX-R1000 motorcycles from the 2005 through 2013 model years.
The motorcycle manufacturer says corrosion of the front brake piston may generate gas within the brake system, reducing stopping power. There was no mention of any accidents related to the problem.
Suzuki Motor Corporation's Indonesian subsidiary, PT Suzuki Indomobil Motor, has officially launched the 2019 New Suzuki Carry. The highlights of the latest Suzuki Carry small commercial vehicle are more cargo capacity, increased comfort and improved performance.
Suzuki said on Friday it will sell its 50 percent stake in CAMI Automotive Inc. to GM for an undisclosed price. The deal marks the demise of a nearly three-decade relationship between the two companies and gives GM full control of the factory.
Although Suzuki's American lineup offered little to quicken our collective pulse, the company did show a few occasional flashes of genius abroad, showing there were still a few enthusiasts trapped within the corporate walls.
Of all the Japanese brands, Suzuki is probably best placed to produce 'personal mobility devices'. After all, it is famous for making motorcycles as well as clever small cars. The PIXY is Suzuki's answer to Toyota's i-Real. The difference is that Suzuki has built a small van-like 'car' (called the SSC, for Suzuki Sharing Coach) that the PIXY docks into. So, you can drive on main roads in your SSC and then scoot along the footpath in your PIXY. It's a dream for now, but Suzuki already produces a small motorised buggy for the elderly, so maybe this isn't so far away after all.
Take those wheeled pods. For the third Tokyo show in succession, the latest variation on the theme was revealed: the i-Real. This is a motorised chair that leans back as it speeds up, and leans into corners. Its name suggests that Toyota is serious about this device. Do you think it could work? No, nor do I. Suzuki does, though, and takes the notion a stage further with its Pixy + SSC. The Pixy part is, again, a three-wheeled, single-seater pod, this time weatherproof with a windscreen and roof, two of which can dock inside the Suzuki Sharing Coach (SSC) for higher speeds and longer drives. Electricity comes from a hydrogen fuel cell and solar energy, and the SSC recharges the Pixies as it drives along.
Suzuki says a derivative of the Concept-X will be built sometime in 2006. By then, the steering wheel, which resembles one you would see on a jet, will most likely be cut from the plan.
The XL7 evolved from the Suzuki Concept-X, which debuted at the 2005 North American International Auto Show in Detroit. The midsize crossover SUV is stylish, roomy and versatile, lending itself ideally to its intended purpose.
Whether the Regina will replace the Alto is unclear, but Suzuki has at least confirmed that the new concept offers a preview of its next-generation city-car plans. The current Alto is less than three years old, so a replacement is likely sometime away.
Suzuki may be struggling to maintain much of a presence in the U.S., but the brand remains a successful purveyor of small vehicles elsewhere in the world. Indeed, we could see the cars it's showing at the 2011 Tokyo auto show being received well in global markets—and there's one in particular that we wouldn't mind seeing here. A rundown of the quartet follows.
The Regina concept will be unveiled at the Tokyo Motor Show in Japan early next month, alongside an even stranger little creature called the Q-concept.
It has been used with outstanding success by the M.Z. designer, Walter Kaaden, who obtained a 20 per cent. power increase by combining this port with the standard Schnürle system.
Most remarkable of all, Suzuki and the other Japanese factories only built winning two-strokes after Suzuki paid star MZ rider Degner a king's ransom to defect from East to West and sell Kaaden's hard-earned secrets.
In the September, 1966, issue of CW, Suzuki ran an ad for the X6 Hustler 250, a ferociously quick 250cc piston-port Twin with six speeds and "Posi-Force" oil injection. What made the ad stick in my mind all these years was the copywriter's line at the top: "We've invented a very fast way to lose 70 lbs." The point being, as the body copy of the ad made clear, that the Suzuki was as quick and fast as most 500s but it weighed much less.
When Suzuki introduced the X6 in the fall of 1965, it caused an immediate sensation. Developed with the goal of captivating the U.S. market, the Hustler was designed to be the fastest 250 cc motorcycle in the world. The bike featured Suzuki's first ever tubular steel double-cradle frame, and its air-cooled two-stroke sleeved aluminum cylinder engine was capable of just about 100 mph. Surprisingly sophisticated, this little engine achieved 100 hp per one liter cylinder volume, which meant it could outrun most of the bigger, faster bikes on the road. It featured automatic oil injection, but more importantly, it was the first six speed motorcycle ever to go into full production.
We can be pretty certain that whatever the new machine turns out to be, it won't follow the mechanical pattern of the original Hustlers, which were 250cc two-stroke parallel twins. Suzuki's new 250cc four-stroke twin, as used in the naked Inazuma, might be a good choice.
Whatever the case, reports indicate that the update could be heavily influenced by the classic T20 and T250 Hustlers which became such an iconic part of the brand itself.
The powerplant of the Seeley Suzuki was closely derived from Suzuki's T500 Cobra road engine.
The T500 metamorphosed into the GT500 which had better brakes, suspension, electronic ignition – and less performance. Even so, the GT500 and T500 are very much siblings. Together the two models had a production life of over 9 years and this means that there are still many thousands of T500s in use.
The motor, tuned for torque, was a dream. Pulling stupendously high gearing, the T500 was cruising round the banking at over 130mph – with speed still in reserve. Now, touring round at the back of the field was forgotten. Those AHRMA trophies looked good!
Efforts are being made to tell the story of two Suzuki T500 motorcycles which were once the workhorse of our traffic police.
Somewhere around 4000 rpm, the electronic ignition would go from a mild retard mode, to FULL ADVANCE, with no graduation at all. Bang! The proverbial light switch. What made this problem even more pronounced, was that the 'jump' never happened at the same rpm twice in a row. When it was cold, it might hit earlier. As the engine warmed up, it might jump 200 or 300 rpm later. But you could never predict exactly when.
Imagine having an amazing amount of horsepower you could turn on instantly like a light switch. Now, imagine never quite knowing when that light switch is going to suddenly flick on and accelerate you forward to the point of making the Kessle Run in less than 12 parsecs. Also, you're off-road and it's 1971.
It would scare you. I loved the Suzuki TM125 Challenger and felt that the TM250 Champion was a decent bike, but the TM400 Cyclone was totally unpredictable. I take that back. If you expected bad things to happen, it never disappointed you. Once, at a night race on a '74 model, I thought someone was trying to pass me on my left side; it turns out that the back of my TM400 was swapping so bad that I could see it in my peripheral vision. Down a rough straight, the TM400 resembled a fish flopping on a beach.
The '75 was the first year for the RM series. It actually was only made for 6 months as the TM was in production at the beginning of the year and at the year end Suzuki introduced the new RM series.
The liquid-cooled RM250 of 1982 reigns supreme as the best 250 of the year. It's faster, lighter and has better suspension than anything in the class.
Cue 1983, when Suzuki presented the RG250 Gamma and turned the class on its head. Although many motorcycles had been called road-legal racers before the Gamma, the RG was perhaps the first mass-produced motorcycle with a lightweight aluminum frame and a racing-type aerodynamic fairing, and it started a new trend in the process. Suzuki used all their two-stroke knowledge and racetrack experience when building the Gamma and it showed – it was light, fast, handled superbly and was an instant box-office hit in the racing circuits.
With the 1983 RG250 Gamma, Suzuki was the first factory to deliver a true racer replica using race-bred technology to the public. The next step was to build a 4-stroke 400cc machine for the Japanese home market and a year later a 750cc machine, culmination to the Suzuki's racing experiences in the World Endurance, AMA Superbike and Championship. The GSX-R750 was first presented at the 1984 IFMA Cologne Show in West Germany. Although it was fully street legal, it was clear that it was built even to compete in the various Worldwide Championships.