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New investor allows Suzuki to fend off VW

After years of legal wrangling, the long-soured partnership between Volkswagen and Suzuki looks finally to be coming out of arbitration, according to Bloomberg. As a sign of the Japanese brand's improved fortunes, hedge fund Third Point LLC recently bought an undisclosed stake in the company. The investor reported seeing a major opportunity in the successful Maruti Suzuki business in India. As an investment, the only major problem that Third Point found with Suzuki was its legal battle with VW. "The company's greatest asset is its low-cost manufacturing process for vehicles for the emerging market consumer," the fund said in a letter, according to Bloomberg. Third Point reportedly also wants a seat on Suzuki's board, despite being a minority shareholder. The alliance between Suzuki and VW goes back to late 2009. In the deal, the Japanese brand was meant to get access to cutting-edge tech, and the German firm got a helping hand towards better establishing itself in India and Southeast Asia. Things didn't go as planned, though. Less than two years later, Suzuki's boss publicly derided the deal. Eventually, the allegations started going back and forth, and the two have been working out a way to untangle practically ever since. Among the biggest issue has been how to get back the 19.9 percent stake that VW purchased. According to Bloomberg, the arbitration is now technically over. With the divorce nearly final, the two sides are just waiting on a decision on how to split things up. Suzuki may even just buy VW's stake to get the shares back.

The Suzuki Jimny pickup truck might be the best Jimny

Suzuki showed off a Jimny pickup truck concept at the 2019 Tokyo Auto Salon, and it garnered more positive hype for the already beloved new-generation 4x4. But more than a year later, there are no signs that a production version is coming in the immediate future, if at all. So, members of the aftermarket are building their own. Shropshire Quads out of the United Kingdom takes regular Jimny SUVs and converts them into pickups by lifting the vehicle and adding a metal tub to the rear. Shropshire Quads has been building Jimny pickups for years. The company started doing the conversions on used models but has since grown to add the new Jimny to the operation, as well. Here's how it all started:  We are a small family run business based near Cleobury Mortimer in South Shropshire. We are main agents for Arctic Cat and Kymco ATVs. We felt that there was a niche gap in the agriculture/land management sector for a small lightweight pickup with more creature comforts and reliability than your usual UTVs. We went in search, and following lots of research, we decided that the Suzuki Jimny would be the ideal base vehicle. We now convert quality, low mileage Suzuki Jimny's to pickups using the best quality, factory designed and manufactured components. We hope you agree that we offer the best Suzuki Jimny Pickup on the market. The blue example seen here is the shop's first conversion on a new Jimny. According to Farmer's Weekly, Shropshire Quads orders the factory-manufactured kit that was designed for Suzuki from Austria and is the sole distributor and installer in the United Kingdom. Somebody in New Zealand is running a similar operation. As seen in the photos, the kit can only be installed once the rear portion of the Jimny is chopped off. The kit includes a metal rear bulkhead panel that is equipped with a heated rear screen. Plastic side moldings smooth out the conversion into the bed, which is made of stainless steel and aluminum. The rear tailgate is removable, and Shropshire Quads says the kit uses strong high-quality latches. A recessed fuel filler is mounted with cast aluminum and found on the driver's side. As this is a conversion intended for labor, it can be ordered with a one-inch lift or a three-inch lift. For added utility, the Jimny can be fitted with flotation tires or smaller all-terrain tires. The Jimny was already cool, and having one on the farm sounds like a fun way to do chores.

Osamu Suzuki announces retirement at age 91

TOKYO — Suzuki's 91-year-old chairman, Osamu Suzuki, announced he will retire in June, stepping aside for a new leader to navigate the shift to electric cars and fight off competition from tech firms such as Tesla and Apple. The chairman, after heading for more than four decades the company that his wife's grandfather founded, is leaving his son Toshihiro Suzuki, already president and CEO, to hold the reins of the company. Osamu told reporters on Wednesday he decided to retire after the company welcomed its 100th anniversary last year and its new management plan won approval. But he said he will "remain active" as an adviser. "I will neither run away nor hide," the patriarch said, who has repeatedly declared in the past he will be a "lifelong non-retiree." The company also announced on Wednesday it will invest one trillion yen ($9.45 billion), mostly on electrification technology, over five years. The younger Suzuki said the company needed to respond to a global push towards lower emissions. "Carbon neutral is the focus now. Suzuki must not fall behind this global trend," he said. The announcement by Japan's fourth-biggest automaker comes less than a week after rival Honda appointed a new CEO, who said he would consider alliances to make bold decisions. Carmakers, particularly smaller players such as Suzuki, are seen at a disadvantage due to the huge cost of developing EVs and technologies such as autonomous driving. Suzuki, alongside other automakers such as Mazda and Subaru, tied up with Toyota in 2019 to slash development and manufacturing costs. Osamu Suzuki, who joined Suzuki Motor in 1958, became president in 1978 and doubled as chairman in 2000. During his tenure, the company solidified its presence as the top maker of compact cars. He spearheaded the company's decision to enter its key Indian market in 1983. Maruti Suzuki, which the carmaker owns a majority stake in, is India's top carmaker, selling every second car in the country. In 2016, Suzuki stepped down as CEO to take responsibility for the firm's use of incorrect testing methods to calculate vehicle mileage, but he remained chairman. Osamu, who waved and said "bye-bye" at the end of Wednesday's news conference, will be appointed as senior adviser upon retirement.