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Suzuki to shelve plans for large car

Suzuki to shelve plans for large car
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First Published: Mon, Jan 05 2009. 09 50 AM IST
Updated: Mon, Jan 05 2009. 09 50 AM IST
Tokyo: Suzuki Motor Corp will shelve plans to launch large-sized cars in 2010 and delay the start of overseas factories amid a sharp deterioration in the global auto market.
Suzuki and other automakers are under growing pressure to cut output and scrap capital investment plans as auto demand worldwide, including in India where Suzuki has commands around half the market, declines sharply.
Suzuki had planned to introduce a car, named “Kizashi,” which would have had an engine of up to 3.6 litres, in a bid to attract customers looking to upgrade from smaller vehicles.
The firm also plans to postpone plants in Thailand and Russia in 2010.
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First Published: Mon, Jan 05 2009. 09 50 AM IST