HAMAMATSU (dpa-AFX) - Suzuki Motor Corp. (SZKMF.PK) reported that its first-quarter profit and net sales increased year-on-year. For 2021, the company expects operating profit to decline 12.6%
FEATURE: Japan firms worried about business impact as Myanmar unrest grows
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Japanese firms worry about business impact as Myanmar unrest grows
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Japan firms worried about business impact as Myanmar unrest grows
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Toyota Motor Corp.’s company logo (Asahi Shimbun file photo)
Suzuki Motor Corp. and Daihatsu are joining a commercial electric vehicle coalition led by Toyota Motor Corp., the carmakers announced on Wednesday, helping the Japanese alliance expand its focus from trucks to smaller cars.
The two automakers will each acquire a 10% stake in the joint venture, on par with Isuzu Motors and Hino Motors, while Toyota will hold a 60% stake, they said. With Suzuki and Daihatsu joining the project and working together, we ll be able to expand our circle of cooperation to not only cover commercial vehicles but also mini vehicles, said Toyota President Akio Toyoda.