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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.
Japanese investigators raided Suzuki Motor Corp.’s headquarters today as they probe the automaker’s use of improper fuel economy tests, an official said.
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.
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