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Suzuki : Suzuki Motor Corporation is a Japanese manufacturing company producing a range of small automobiles. It has main production facilities located in 22 countries and areas around the world.
In 1909 When it was started, the company called Suzuki Loom Works. It was founded in Hamamatsu, Shizuoka Prefecture Japan, by Michio Suzuki.
General Motors purchases 5% of Suzuki shares in year 1981. Now, GM’s share is up to 20.4% in year 2001. In March, 2006 — GM divested, selling 92.36 million shares and reducing their stake to 3% in order to raise $2 billion. Suzuki still owns 11% of GM Daewoo Auto and Technology.
Beginning with the Chevrolet Sprint, Suzuki has built cars for other manufacturers. In Europe, the main rebadged Suzuki is the Subaru Justy and G3X Justy, which has been a version of its Swift and, more recently, its Ignis.
- In 1985, Suzuki made an agreement with General Motors to meet the increasing demand for small cars and the Chevrolet Sprint (Suzuki Cultus in Japan) was introduced in the United States.
- The company’s name changed to Suzuki Motor Corporation in 1954. In 1955 Suzuki introduced its first mass-produced car, the Suzulight.
In addition the two companies will start manufacturing cars in India, which is an emerging market, Suzuki already owns just over 50% of Maruti Udyog Limited which sell most cars in the Indian market.
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