Suzuki Motor Corporation (Jap. ス ズ キ 株式会社 Suzuki Kabusikygaysya, TYO: 7269) - Japanese engineering company. Headquarters - in the city of Hamamatsu, Shizuoka Prefecture.
Founded in 1909 by Michio Suzuki. The company began its activities with the release of looms, motorbikes and motorcycles, was founded as Suzuki Loom Works. In the 1930s, demand for cars rose sharply in Japan, and in 1937 employees of Michio Suzuki began a small-car project. After creating several prototypes, the program was curtailed due to the start of World War II.
Suzuki Suzulight 1956
The idea of creating vehicles returned only in 1951, when the market collapsed looms. The Suzuki Power Free motorbike was created, a feature of which was the presence of two drive stars, thanks to which it was possible to move only at the expense of the engine, using pedals or using both types of drive simultaneously.
In 1954, the company was renamed Suzuki Motor Co., Ltd., at which time it produced about 6,000 motorcycles and mopeds per month. A year later, the front-drive compact car Suzulight with independent front and rear suspension went into production. In 1962, the export of motorcycles to the USA began, at the same time the factory team became the first winner of the Moto GP series. In 1982, the concern released the world's first all-terrain vehicle - the model QuadRunner LT125. In 1967, the company opened the first overseas plant in Thailand, in 1982, began operations in India. For 2008, the joint venture Suzuki with the Indian company Maruti Udyog holds 50% of the local car market. In 1967, the concern began production of the first generation of the Fronte, Alto, Cervo family of small cars, in 1983 a model of a higher class appeared - Swift / Cultus. Auto exports to the United States started in 1985. In 1988, production of the Vitara crossover began.
In 1991, the plant was built in Hungary Magyar Suzuki.
In December 2009, Suzuki entered into an alliance with the German Volkswagen Group, exchanging shares with the latest and announcing the joint development of eco-friendly cars. Less than two years later, in September 2011, the collapse of this alliance was announced.
16.24% of Suzuki's shares are in free float, 16.9% is on the company's balance sheet, Millea Holdings owns 3.86%, Mitsubishi UFJ Financial Group - 3.28%, and the Japanese government - 23%. President and CEO of the company - Osamu Suzuki.
The company is known as a manufacturer of cars (including off-road vehicles) and trucks, motorcycles, boat engines under the Suzuki brand.
The total number of staff - 51,503 thousand people (2010).
In 2007, the company's production volume amounted to 2.57 million vehicles (an increase of 10.8%). In the 2008 fiscal year, the company sold 2.33 million vehicles and 1.83 million motorcycles.
For the 2010 fiscal year ending in March 2011, revenue for Suzuki Motor was $ 26,592.3 billion (-11.1%), net profit - $ 311.4 million (an increase of 14.1%). The company produced 2.4 million cars and 3.2 million motorcycles.