Suzuki executives are either stepping down, taking a pay cut, or not stepping into CEO position after the admission that the company lied about mpg numbers.
We haven't heard much about Suzuki since it decided to leave the US market in 2012, but things are going well for the little automaker these days with the recent announcement of record annual profits. It would seem that investors should be ecstatic, but they are starting to question the man at the helm. Company president and chairman Osamu Suzuki is now 84 years old and is guaranteed at least one more year as the leader, but shareholders want to know who is taking his place when the inevitable h
Last month on The Young and the Restless Volkswagen-Suzuki Partnership, Osamu Suzuki was publicly declaring his angst with the "ball-and-chain" union, proclaiming it needed to end and serving legal papers. Volkswagen, meanwhile, was saying little other than that it wanted to speak to its partner privately and was not ready for a divorce, in spite of previously serving its own legal papers.
We don't know how you say "Throw down the gauntlet" in Japanese, but Suzuki CEO Osamu Suzuki has apparently gone and done it. Claiming that his company's relationship with Volkswagen has the potential to become a "ball and chain" if it continues it current course, Suzuki apparently sees so little hope of remedy that he has suggested an amicable separation.
There seems to be a bit of a domestic disturbance between Suzuki and Volkswagen. According to The Truth About Cars, VW is a bit upset that the corporate tie-up between the two automakers hasn't borne more fruit. If you believe the whispers sneaking around the web right now, the German company even went so far as to leak its frustrations to the German press, saying that partnership is "a big disappointment" and that Suzuki expects full access to VW tech without having to reciprocate. Suzuki, mean
Those constant rumors that Volkswagen may acquire a 10-percent stake in Suzuki all have one thing in common: they all emanate from the Volkswagen side of the coin. Naturally, no such deal can be completely one-sided, and whenever given the opportunity Suzuki has consistently denied that there's any truth to the speculation.