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Suzuki considering joining Toyota-led EV alliance www.nhk.or.jp
Suzuki Motor is considering joining an electric vehicle alliance led by other Japanese auto firms in an attempt to respond to increasing global demand for eco-friendly models.
President Toshihiro Suzuki told reporters on Thursday that Japanese auto companies should work as a team to compete against European, US, and Chinese firms.
Toyota Motor, Mazda Motor, and automotive parts manufacturer Denso set up a new company in September to develop electric vehicles.
Suzuki said if a shift to hybrid and electric vehicles takes off in India, his company would quickly lose its strong position in the key overseas market.
He added the company is not going to miss the bus in the global move to go electric.
Suzuki has upgraded its financial projections for the current fiscal year ending in March.
It forecasts sales will come to 31.6 billion dollars and operating profit will reach 2.6 billion dollars. Both figures would be record highs.
Published Date:2017-11-03
