iPhone | iPad
Android
Huawei
The heavy rains hit regions of Morocco that have been suffering from drought for at least six years
KT APPDOWNLOAD
Chair of Japan automaker Suzuki to step down
Tokyo - The 91-year-old, who married into the firm’s founding family, will leave the post after a shareholder meeting in June and become an adviser
Suzuki Motor Chairman Osamu Suzuki attends the Global Mobility Summit in New Delhi. — Reuters file
Suzuki’s chairman Osamu Suzuki will retire after more than four decades at the helm of the Japanese carmaker, the company said Wednesday.
The 91-year-old, who married into the firm’s founding family, will leave the post after a shareholder meeting in June and become an adviser, it said.
After he became company president in 1978, Suzuki expanded the automaker’s business in India, where it has had enormous success, and steadily increased its share in Japan’s small car market.
He became chairman in 2000 and his eldest son, Toshihiro Suzuki, assumed the role of president in 2015.
The carmaker, which had once tied up with General Motors and Volkswagen, forged a capital alliance with Toyota in 2019.
No one will replace him for now, while Toshihiro Suzuki will remain president. — AFP
More news from
The Dutch host Germany, who beat Hungary 5-0 on Saturday, in Amsterdam on Tuesday in their next League A Group 3 match
The proposed four-year agreement is an early win for new Boeing CEO
Data revives fears that months of elevated borrowing costs have already started to pressure the economy
Gold’s allure as a safe-haven asset remains intact
financial, insurance, and business services sectors surged 7.1%
Survey reveals significant challenges in attracting skilled talent
Mystic seeks to redefine real estate marketing