Suzuki ex­its China

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IN SEPTEM­BER, Suzuki an­nounced its exit from China as the world’s largest mar­ket was in favour of larger sedans and sport util­ity ve­hi­cles. The com­pany trans­ferred all its eq­uity in Chongqing Changan Suzuki Au­to­mo­bile Co., Ltd. to Changan Au­to­mo­bile. Suzuki trans­ferred its 50 per cent to the Changan Au­to­mo­bile, while the man­age­ment of Changan Suzuki con­tin­ued as 100 per cent sub­sidiary.

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