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Suzuki Reports 2011-2012 Results

Suzuki declared a loss of 2.4 billion yen (US$30.0 million) from its motorcycle division over the fiscal year ended March 31, 2012. Though still a loss, it’s an improvement on the loss of 10.8 billion yen reported the previous year. Suzuki attributes the loss to an appreciating yen and the financial impact from heavy flooding in Thailand.

Suzuki to Close Spanish Motorcycle Factory

The digital ink is still wet on news of American Suzuki declaring bankruptcy and shutting down its car business to focus on powersports and marine products, and now there’s more bad news for the Japanese manufacturer. Suzuki announced it will close its motorcycle factory in Gijón, Spain, in March, 2013, shutting the company’s sole European production plant. The factory has been producing motorcycles and scooters for Suzuki since 1984, with the manufacturer taking 100% ownership of the factory.

Suzuki Reports Q1 2013-2014 Results

Suzuki reported an 18.5% increase in net sales from its motorcycle business in its first quarter ended June 30, 2013. Suzuki reports sales of 70.5 billion yen (US$710.1 million) from its motorcycle business, an increase from 59.5 billion yen reported in the same quarter last year. Unfortunately, despite increasing revenue, Suzuki’s motorcycle operations still remains in the red, operating at a loss of 2.7 billion yen (US$27.2 million) compared to a loss of 3.5 billion yen in the first quarter last year.