Print Article
>> Back to the article
Jan 5, 2009
Plans for Suzuki car shelved

TOKYO - SUZUKI Motor Corp will shelve a plan to launch large-sized cars in 2010 and delay the start of overseas factories amid a sharp deterioration in the global auto market, the Nikkei business daily reported on Monday.

Suzuki and other automakers are under growing pressure to cut output and scrap capital investment plans as auto demand worldwide, including in India where Suzuki has commands around half the market, declines sharply.

Suzuki had planned to introduce a car, named 'Kizashi', which would have had an engine of up to 3.6 litres, in a bid to attract customers looking to upgrade from smaller vehicles, the Nikkei said.

The firm also plans to postpone plants in Thailand and Russia in 2010, it said. -- THOMSON REUTERS

Copyright © 2007 Singapore Press Holdings. All rights reserved. Privacy Statement & Condition of Access
$breakCalendarHTML
Best viewed at 1152x864 resolution with IE 6.0 or FireFox 2.0 and above Copyright © 2008 Singapore Press Holdings Ltd. Co. Regn No. 198402868E | Privacy Statement | Terms & Conditions