Japan’s Suzuki shuts down US car business

Suzuki  will stop selling cars in the US, but will keep its other businesses going. Photo: Bloomberg

Japan’s Suzuki said on Tuesday it would shut down its money-losing car business in the United States and file for bankruptcy, citing a strong yen and weak demand for its small cars in the US market.

Tuesday, 6 November, 2012, 4:33pm

Toyota, Nissan trim China production after protests

A Nissan in Shanghai. The Japanese top carmaker aid it would halt production at a joint venture in China starting on Thursday. Photo: AFP

Japanese carmakers Toyota, Nissan and Suzuki are curtailing production in China in the wake of anti-Japan protests that have darkened sales prospects in the world’s top car market.

8 Oct 2012 - 1:47pm

Daiwa aims to boost Asia revenue

Daiwa Securities Group, which is buying KBC Group's Hong Kong-based derivatives and global convertible bond operations for US$1 billion, is looking for revenue from Asia of about US$1.8 billion next year.

The Japanese brokerage and financial service is committed to building an investing banking business focusing on the region.

23 Jul 2010 - 12:00am

Jeep and cheerful

Once we drove the car of a millionaire. Then came Bear Stearns, Lehmans and Iceland, and some of us are back into little cars quicker than you can say 'cardboard box'. Such a comedown can be a trauma in 2009 Hong Kong, where you are what you drive. You need wheels that can still get you about between jobs, but won't make you look an out of place loser on Conduit Road.

3 Jan 2009 - 12:00am

Engineered Garments

Who created it? Although originally a diffusion line of Japanese brand Nepanthes, menswear label Engineered Garments captured the attention of the international fashion press when it relocated its design and production facilities to New York in 2003.

7 Sep 2008 - 12:00am


Where? Near Chinatown and Little Italy, in New York's Nolita district, a vibrant neighbourhood that is much more hip and less touristy than nearby SoHo.

Who? Japanese designer Mami Suzuki, a graduate of Parsons the New School for Design, opened the boutique in March after moving to the city from Tokyo. Her mission? To bring unique Japanese designers to the US style capital.

30 Sep 2007 - 12:00am

Actor back on the scene after recovery from cocktail fracas

Helping beauty centre Dermes promote some hair-removal treatment, model/actor Takuya Suzuki reappeared on the scene after an altercation in May with another cocktail regular which resulted in a black eye and charges pressed. At one point, Suzuki (right) feared a champagne glass fragment might have permanently damaged his eye and his appearance. Luckily, it didn't and he recovered.

2 Aug 2007 - 12:00am


What drives it? A 1,490cc DOHC

16-valve VVT engine, with a three-mode AWD system linked to an automatic box.

How fast is it? In 4WD mode the 1.5-litre model produces 110bhp and the Sport delivers 145bhp. Top speed figures haven't been released for the Hong Kong cars, but the European 1.6-litre models can hit about 170km/h.

30 Jun 2007 - 12:00am

Urban versatility

If ever there is a crossover car in camouflage, the SX4 must be it. There are very few 4x4 hatchbacks produced anywhere in the world, so a test drive in Suzuki's compact off-roader is a rare opportunity in Hong Kong.

30 Jun 2007 - 12:00am

Flash enough to give rivals a run for their money

The Peugeot 207 GT doesn't look flash, even in orange, until you put your foot down and discover one of the most exciting town cars since the Mini Cooper S.

17 Feb 2007 - 12:00am

Suzuki tongue-tied

Japanese model-turned- actor Takuya Suzuki is still struggling to communicate with the local press. 'I'm picking the language up gradually. It's OK if I speak very slowly. But it's still very hard to speak in Cantonese during interviews,' said Suzuki, who had a hard time with reporters at a press event for a drinks giant and two fashion brands.

26 Aug 2006 - 12:00am

Suzuki has Lamborghini running scared

It was a road rage event of David and Goliath proportions when the driver of a lowly Suzuki hatchback decided to take on a late-model Lamborghini in a chase through rush-hour Sydney traffic.

Police said trouble flared when the driver of the yellow Italian sports car took exception to the booming music coming from the Suzuki Swift as the two cars drew alongside each other.

15 Mar 2006 - 12:00am

Short and sweet

SUZUKI HAS AT last made an affordable compact that doesn't look awful. But there's a caveat with the latest Swift: the Hong Kong models of this runabout were made in Japan, without the side airbags of the European-made versions that earned a four-star rating in New Car Assessment Programme crash tests.

20 Aug 2005 - 12:00am

Hikari soars on stake sale talk

Tokyo-listed Internet company Hikari Tsushin saw its shares surge 10.88 per cent yesterday on a report, later denied by Hikari, that the firm was in talks to sell a controlling stake to a consortium led by Pacific Century CyberWorks.

18 Jul 2000 - 12:00am

Founders to be quizzed over death of fraud scam suspect

Detectives will question two founders of an electronics company over the death of their American-Japanese business partner accused of involvement in an alleged $200 million fraud. The two founders had been arrested last year with the deceased Harry Shizuo Suzuki, 62, by the Commercial Crime Bureau.

12 Sep 1997 - 12:00am