TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Suzuki exits China after dissolving partnership with Changan

  • Kevin Buckland

    Bloomberg

Tokyo, Japan   /   Tue, September 4, 2018   /   05:45 pm
Suzuki exits China after dissolving partnership with Changan Activities in an automotive assembly plant for Suzuki-brand cars in Bekasi, West Java, in this file photo. BMI Research puts Indonesia in its to-watch list as the market of 250 million population is still widely untouched, hence giving rooms for rapid growth in several sectors that include manufacturing. (Kompas/Totok Wijayanto)

Suzuki Motor is pulling out of China after dissolving its last remaining automaking partnership in the world’s biggest car market.

Suzuki agreed to transfer the 50 percent stake it holds in Changan Suzuki to Chongqing Changan Automobile as soon as legal proceedings are completed, the Japanese automaker said in a statement Tuesday.

Suzuki will continue licensing of production and sales of Suzuki models to Changan Suzuki. Sales of the Suzuki Changan joint venture declined 27 percent last year, according to Bloomberg Intelligence data.

Suzuki dissolved its other Chinese venture, a 23-year-long partnership with Jiangxi Changhe Automobile, in June.