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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.

Minnesota tinkerer selling off 500-plus motorcycles, dirt bikes and scooters

For 25 years, Tony Joslyn's entire life has orbited around motorcycles. After getting into bikes at an early age, Joslyn turned his passion into Road Rash, a salvage house where Joslyn would buy and sell two-wheelers and their parts. He wasn't picky with his workings, either, as he has accrued motorcycles across a huge range of decades and brands. And now it's all up for sale.  Suzukis, Yamahas, Harley-Davidsons, Hondas, Kawasakis, and more from the '60s, '70s, '60s, '90s, and '00s are all currently listed on K-Bid.com. There is a variety of size, styles, colors and setups, and a press release says most of the bikes are 'complete and ready for restoration or a tuneup." For Joslyn, the collection just became too much to deal with after all these years.  "It's time to clear the herd and slow down," Joslyn said in a release. "Once it starts to feel like a job, you lose some of the joy. I'm looking forward to getting back to working a few motorcycles now and then. ... It's hard to pick a favorite out of the collection, as I am partial to all of them, but I've always enjoyed the Kawasaki 3-cylinders." The bikes are located in Clarks Grove, Minnesota, directly south of Minneapolis roughly near the Iowa border. Interested parties can visit and inspect the bikes before purchasing, and there's plenty of time to do so. Open now, the auction will close October 2, 2019.  This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Auto News Honda Suzuki Auctions Motorcycle honda scooter Harley-Davidson Yamaha Kawasaki

Suzuki's next Jimny won't veer too far from The Way Of The Samurai

Suzuki might be gone as an automaker in the US, but the brand is still driving along in other parts of the world. In fact, it even has new products in the pipeline and among them is a replacement for the venerable Jimny compact SUV (better known as the Samurai in America). The last all-new Jimny hit the market back in 1998, but the little SUVs have grown quite a cult following, especially in the UK. Farmers love them because the compact vehicles can go just about anywhere, thanks to a relatively high ground clearance, small size and four-wheel drive. With the new generation due in 2017, according to Top Gear, that's nearly 20 years of hard work for this off-roader. Though, Suzuki refreshed the Jimny slightly for the 2013 model year (pictured above) across the pond with a revised front end. Don't expect the future iteration to go soft, though. Unlike the similarly long-lived Land Rover Defender, which is rumored to be a bit friendlier in its next generation, Suzuki wants keep the model's abilities as capable as possible, while adding some modern assistance systems. "The next Jimny will be an evolution. It will follow the same recipe. When you see it you'll know it's a Jimny," said the automaker's UK sales boss Dale Wyatt to Top Gear. "If you were a sheep farmer in the Scottish hills you'd see the car is perfect; no argument to change it." If all these promises about the future come true, we might get to hear about the Jimny driving around the world or pulling a huge truck out of the snow for many years to come.