1987 Suzuki Samurai on 2040-cars

Auto blog

Suzuki posts 46% drop in first-quarter profit on slowing India demand

TOKYO — Suzuki on Monday reported a 46.2% 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. Japan's fourth-largest automaker posted an operating profit of 62.7 billion yen (GBP487 million) for the April-June quarter, down from 116.5 billion yen a year earlier and below a mean forecast of 69.09 billion from eight analysts, according to Refinitiv. Suzuki reaffirmed its forecast for full-year operating profit to come in at 330 billion yen, up 1.7% from the year ended March 2019. Suzuki, known for its Swift and Baleno compact models, is bracing for subdued growth this year in India, where roughly one in two cars sold carries its brand. The company stuck to a forecast for vehicle sales to increase slightly on the year, but conceded that it may need to trim its forecasts in the coming months as slowing economic growth and stricter emissions standards could dent sales. Slowing profit growth could hamper its ability to invest in and develop lower-emissions vehicles and on-demand transportation services necessary to survive the technological upheaval currently underway in the global auto industry. The automaker has long acknowledged that it cannot shoulder the costs of developing electric vehicles and self-driving cars on its own, and has turned to Toyota to supply Suzuki vehicles with its gasoline hybrid systems.

Kayaba, Sumitomo to pay millions for price-fixing in US

Kayaba Industry Co, which does business in the US as suspension parts maker KYB, and Sumitomo Electric Industries are facing payments in the millions to settle price-fixing cases about the components that they make. As part of the Department of Justice's ongoing crackdown of price fixing in the auto industry, KYB agreed to pay $62 million and pleaded guilty to conspiracy to set the cost of shock absorbers from the mid '90s through 2012. The company allegedly worked with co-conspirators to keep the cost of the parts high, and those components then made it into vehicles from Honda, Kawasaki, Nissan, Subaru, Suzuki, and Toyota. "Any collusive agreement among competitors to restrict price competition undercuts our free enterprise system and violates the law," said Carter M. Stewart, US Attorney of the Southern District of Ohio, in the DoJ's announcement. Over the past few years, the DoJ has brought cases against 37 parts suppliers and 55 executives, leading to over $2.6 billion in fines. The investigations haven't always been so successful – some of the Japanese execs fled from the US to avoid prosecution. Critics allege that price fixing is simply how business is done. According to Automotive News, Sumitomo Electric Industries is also facing a $50 million settlement in a civil lawsuit that's related to price fixing of parts like wiring harnesses and heater control panels. The plaintiffs include owners and dealers that purchased vehicles with these parts. The company asserts that the violations are from before 2010, and it now has different process in place to avoid further violations. KYB Agrees to Plead Guilty and Pay $62 Million Criminal Fine for Fixing Price of Shock Absorbers Kayaba Industry Co. Ltd., dba KYB Corporation (KYB) has agreed to plead guilty and to pay a $62 million criminal fine for its role in a conspiracy to fix the price of shock absorbers installed in cars and motorcycles sold to U.S. consumers. According to charges filed today, KYB conspired from the mid-1990s until 2012 to fix the prices of shock absorbers sold to Fuji Heavy Industries Ltd. (manufacturer of Subaru vehicles), Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Nissan Motor Company Ltd., Suzuki Motor Corporation and Toyota Motor Company, including their subsidiaries in the United States.

2019 Suzuki Jimny images leaked — first new generation in 20 years

The new-generation Suzuki Jimny is ready for a reveal. Photos of a production version shown at a preview event leaked online via Instagram, and they show a front shot and a front three-quarter shot of the completely redesigned small SUV. The lines and side sheetmetal pressings of the no-nonsense, go-anywhere Jimny are a clear nod to classic '70s and '80s models. The Australian website CarAdvice notes that the lime green Jimny seen here is clearly a home market version without any wheel arch extensions, as the vehicle needs to be as narrow as possible to comply with Japanese width regulations — it is alsos likely that the Jimny here is powered with a 660cc engine from the tiny kei car class. Outside of Japan, the hips might be wider, and a recent spy shot depicting finished vehicles at the factory shows slightly wider wheel arches. Every millimeter counts, it seems — just when you want to avoid scraping a rock on an off-road trail. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Export market Jimnys should have a one-liter turbo or a naturally aspirated 1.2-liter unit. Inside, the Jimny will feature a hard-wearing interior with a chunky dashboard, a render of which was also leaked online a short while ago. Everything about that dash appears to be designed with functionality as the top requirement, with just a large central touchscreen serving as a reminder that we're getting closer to 2020, not 1980. The 2019 model year Jimny is expected to hit Suzuki-selling markets by late 2018. Jimny updates are few and far between, as the current generation was first introduced a solid 20 years ago. Related Video: Image Credit: Suzukinfluencer/Instagram Spy Photos Suzuki SUV suzuki jimny