#SUZUKI

Assembly

India’s Auto Industry Has a Pulse Again

Carmakers buoyed by July rebound but worried about what comes next

Production

China Leads Auto Industry Revival

U.S., Europe and Asia will take longer, says LMC Automotive

Sales

India Zeroes Out Car Sales

Coronavirus lockdown takes its toll

Production

Carmakers Tiptoe Back into Production in Europe

The trickle will continue into early May.

Batteries

Karma Aims to Join EV Platform-Sharing Club

Autonomous utility van and high-powered supercar among 22 possible variants

Marketing

World’s Top Auto Brands Defend Their Rankings

Brands are forever jockeying for superiority over their rivals.

Regulations

Jeep Diesels Face Ban in Europe

Jeep faces a partial sales ban in Europe unless it fixes diesel-powered Grand Cherokee SUVs that evade emission regulations.

Production

Toyota Breaks Ground on Myanmar Plant

Toyota Motor Corp. will be the latest carmaker to assemble cars locally in Myanmar.

Business

Veoneer Exits Braking JV

Veoneer Inc. has agreed to sell its 51% stake in a brake systems joint venture to partner Nissin-Kogyo Co. and Honda Motor Co. for $176 million.

Sales

Suzuki Predicts $1.3 Billion Loss as Sales Slide

Suzuki Motor Corp. warns that slumping sales in India will cut its net profit 22% to 140 billion yen ($1.3 billion) in the current fiscal year ending March 31.

Hybrid

India’s EV Market Going Nowhere

Demand for electric cars in India is barely moving and won’t accelerate until prices drop and the country’s network of charging stations expands dramatically, says Bloomberg News.

Autonomous Vehicles

Suzuki Readies Hybrid, Autonomous Concepts

Suzuki Motor Corp. will publicly unveil a pair of retro-styled concept vehicles later this month at the Tokyo auto show.

Sales

Car Sales Continue to Plummet in India

India’s top-three carmakers are reporting another round of double-digit sales declines for September, the eighth consecutive month of shrinkage.

Business

UPDATE: Toyota Hikes Its Stake in Subaru

Toyota Motor Corp. is raising its stake in Subaru Corp. above 20% and will post a share of Subaru profits in its own financial reports.

Sales

Maruti Suzuki Cuts Prices as Indian Market Falls

Maruti Suzuki India Ltd., India’s largest carmaker, is trimming prices 2% on 10 models in a bid to revive slumping sales.

Sales

New-Car Wholesales Plummet 41% in India

Factory shipments of new cars in India plunged 41% to a “very dismal” 115,000 units in August, according to final figures from the Society of Indian Automobile Manufacturers.

Sales

Indian Carmakers Seek Tax Break as Sales Plunge

Car sales in India fell more than 30% in August, and manufacturers are pleading with the government for an immediate tax cut.

Business

Toyota, Suzuki Expand Partnership

Toyota Motor Corp. and Suzuki Motor Corp. have agreed to buy small equity stakes in each other as part of the expanding partnership between the Japanese carmakers.

Sales

Maruti Suzuki Predicts India Sales Revival

Maruti Suzuki India Ltd. predicts that India’s slumping car market will revive in October-December after nine consecutive months of contraction.

Sales

Mahindra Sheds 1,500 Employees as Sales Sag

Mahindra & Mahindra Ltd. says it has eliminated 1,500 contract jobs in India since April and warns more layoffs are possible next month if sales continue to slide.

Assembly

Ghana Tax Breaks Cinch Auto Plant Deals

Ghana has agreed to grant carmakers tax breaks for as long as 10 years if they open assembly plants in the country.

Suzuki Debuts Its First New Indian SUV in 35 Years

Maruti Suzuki India Ltd. is preparing to introduce its first new SUV model in India since the Gypsy mini-four-wheel-drive SUV debuted there in 1985.

Sales

Maruti Suzuki Drops Extra Shifts as Sales Slide

Maruti Suzuki India Ltd., which controls half of India’s passenger car market, is likely to cut production to a single shift at all three of its factories, sources tell the Economic Times.

Steel

Nippon Steel Plans $1.9 Billion Asset Sale

Nippon Steel Corp. intends to sell of 200 billion yen ($1.9 billion) in assets over the next two years to help it buy a 50% stake in Indian steelmaker Essar Steel India Ltd.