Suzuki has no more production in China
Suzuki Motor has released a statement saying that it is dissolving its last remaining car-making partnership in China. Having dissolved its other Chinese venture, a partnership with Jiangxi Changhe Automobile, in June, Suzuki has now agreed to sell its 50% stake in Changan Suzuki to Chongqing Changan Automobile. Suzuki will, however, continue the licensing of production and sales of Suzuki models to Changan Suzuki.
According to Bloomberg Intelligence, sales of the Suzuki Changan joint venture decreased by over a quarter (27%) last year.
(Image: Suzuki Changan)