InfoAnda - Suzuki Motors sees plunging profits

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

LG eyes 4-fold jump in 2011 smartphone sales | 7 January 2011
Lil Wayne's rock album rolling out next month | 10 November 2009
U.S. lead in nanotech eroding, report finds | 26 March 2010

Pakistan reality TV contestant drowns in challenge | 31 August 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : Suzuki Motors sees plunging profits

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Suzuki Motors sees plunging profits AFP - Friday, February 6 TOKYO (AFP) - - Suzuki Motor Corp. reported a sharp drop in earnings Thursday and warned of tough times ahead as the global economic crisis wreaks havoc in Japan's car industry. ADVERTISEMENT The mini-car specialist logged a 68 percent drop in net profit in the nine months to December to 21.63 billion yen (242 million dollars). Operating profit fell 43 percent to 66.48 billion yen while revenue slid 9.5 percent to 2.33 trillion yen, hit by sluggish demand and a strong yen. For the full financial year to March, Suzuki lowered its forecast for net profit to 22 billion yen from an earlier projection of 60 billion yen. The bleak outlook underscores the rapidly worsening fortunes of carmakers like Suzuki, which last year made a record profit of 80.25 billion yen. "I expect the economic downturn would bottom out sometime between April and June," said chairman and chief executive Osamu Suzuki, who took the additional post of president last year due to the car industry crisis. "But we are in a situation where even after that, the economy would continue to stay stagnant instead of picking up," he told reporters. "I have to face the reality that the possibility is high." The carmaker cut its operating profit target for the year to 67 billion yen from 100 billion yen and its revenue prediction to three trillion yen from 3.2 trillion. Suzuki said the company, which has announced layoffs of 850 temporary workers since October, will end contracts with another 110 workers while cutting work days both for plant labourers and office workers. The chairman also said he would cut his own pay by 30 percent in February and March. Until recently Suzuki had been relatively resilient to the global economic slowdown, helped by its strong presence in India, one of the world's fastest growing car markets. "When larger automakers expanded business in the United States and Europe, Suzuki focused more on people's cars in India and Hungary," the chairman said. "It turned out to be a good thing." Car manufacturers around the world have been devastated by the crisis with world number one Toyota Motor Corp. on course for its first-ever operating loss. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business SNAPSHOT - Financial Crisis - 1529 GMTReuters - 32 minutes ago Stocks extend slide as factory orders fallAP - 34 minutes ago SNAPSHOT - Financial Crisis - 1527 GMTReuters - 34 minutes ago Factory orders drop 3.9 percent in DecemberAP - 36 minutes ago Husky Energy profit falls with crude pricesReuters - 47 minutes ago Enlarge Photo Suzuki Motors sees plunging profits Related Photos Slideshow Full Photo Coverage: Business & Economy Most Popular – Business Viewed Bus-sized boa slithers into record books Madoff fraud hit up to 3 mln victims: law firm Bombshell withdrawals rock Obama administration 'Horrifying' year for SAS ends with losses, layoffs Global warming 'irreversible' for next 1000 years: study View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Thursday, 5 February 2009
503 Service Temporarily Unavailable
Top Concert Companies Ticketmaster And Live Nation Reportedly Merging
Vatican demands Holocaust denier publicly recant | International |
Black Eyed Peas' Apl.de.ap's Half-Brother Shot Dead
UK judges accuse U.S. over Guantanamo case | International |
Russia tackled at U.N. over racism and media killings | International |
Yahoo launches search tool like one Google killed | Technology |
Update: Obama, Treasury Sec. Detail New Limits To Executive Pay
SAP launches biggest software upgrade in 3 years | Technology |
Deleware Eyeing Cuts To State Vehicle Fleet To Save Money
PNC Announces 5,800 Job Cuts
10-Year-Old Boy Dies After Being Found Hanging From Hook In Evanston, IL Elementary School Bathroom
North Korea To Test Long-Range Missile; Has Potential To Target The U.S.
Cheney Says In First Interview After Inauguration: Terror Attack 'Highly Probable' If Bush Policies Not Kept
West Memphis, AR Physician Seriously Injured In Car Explosion
Three named to Country Music Hall of Fame | Entertainment |
Country's Emmylou Harris comes home for new tour | Entertainment |
Director to publish book on making Twilight | Entertainment |
Venezuela's Gustavo Dudamel talks about LA Phil | Entertainment |
Kelly Clarkson says she could never be a lesbian | Entertainment |
Miley Cyrus' slant-eye pose slammed by Asian group | Entertainment |
North Korea To Test Long-Range Missile; Has Potential To Target The U.S.
Hormone May Be Linked To Post-Partum Depression
10-Year-Old Boy Found Hanging From Hook In Elementary School Bathroom Dies
Coffee Drinkers May Be Less Likely To Develop Dementia
Kyrgyz parliament to vote on U.S. base next week | International |
Israeli troops kill militant leader in West Bank
Israel admits its troops killed Gaza girls | International |
Iraq: Sunni tribal leader says he can prove fraud
Veteran Actor Clint Ritchie Of "One Life To Live" Dies
Israel reports on 3 girls' shelling deaths in Gaza
Osama Bin Laden rejected for dream island job | International |
Iraq elections a setback for Iran
Farm protests grip Europe as prices slump
British Council says harassed in Iran, halts work | International |
Russia to inject 40 bln dlrs in banks: minister
US warns of Iraq violence as poll results due
Colombia court denies U.S. extradition of FARC jailor | International |
US economy bleeds private jobs, payrolls slashed: reports
World powers welcome Obama's talk offer to Iran
Two's company for Chinese New Year ghost train | International |
Obama imposes $0.5m bailout salary cap
Kyrgyzstan moves to shut key US base
Venezuela Catholic mission hit after Jewish attack | International |
Retail giant Baugur seeks bankruptcy protection
S. African dock workers won't unload Israeli goods
Abbas government announces Gaza aid project
UN chief to attend climate change talks
1st deep sea observatory looks at climate change
Nine-year old whiz-kid writes iPhone application | Technology |
Google Launches Free Location Tracking Software
Congress approves digital TV delay | Technology |
Obama caps bailout executive salaries
New Jersey Man Talks California Teen Out Of Committing Suicide Online
Colombia court denies U.S. extradition of FARC jailor
FBI Reviews 1982 Tylenol Murders Case, Searches Home Of Tylenol Man
Google launches software to track mobile users | Technology |
Obama Signs SCHIP Bill Into Law Giving 11M Uninsured Kids Health Care Service
US puzzled by Iran's rejection of badminton team
Oil rises to near $41 on stocks, OPEC
THQ to cut 600 jobs | Technology |
Time Warner Posts Losses, Will Cut 1,250 Jobs
Iran denies visas for US women's badminton team
Police Officer Shoots U.S. Embassy Guard In Greece
Rescued Americans' captivity chronicle due
New York Times Newspaper Mulls Reinstating Online Access Fees
Feb 4 Highlights Of Low Points In The U.S. Economy
Solid quarter for Cisco but clouds on horizon
US sailor missing in Gulf of Aden after boat flips
Wall Street Dips As Investor Concern Builds Over Remaining TARP Funds
Mobile phones fight disease, uncover news in developing lands
Nine-year old whiz-kid writes iPhone application
Iraqi vote result could spark violence: US
Trustee Recovers $946 Million In Madoff Funds
Facebook turns five
Special envoy making first trip to Afghanistan
US House approves digital TV delay
SAP launches biggest software upgrade in 3 years
Two die in Moscow contract killings: reports
THQ to cut 600 jobs
Sarkozy goes prime-time after mass protests
Mobile phone sales down 12.6 pct in 4th qtr: IDC
Yahoo launches search tool like one Google killed
Nazi fugitive 'Doctor Death' died in 1992: reports
Microsoft, MEAN magazine to produce Zune video series
Meryl Streep, Kate Winslet Oscar front-runners | Entertainment |
French FM defends 'honour' after Africa book accusations
Springsteen blasts Ticketmaster for abuse of fans | Entertainment |
Mobile phones fight disease, uncover news in developing lands
Washington, D.C. a recurring character in 24 | Entertainment |
French minister Kouchner rejects 'African' accusations
Jonas Brothers to preview concert movie on CW | Entertainment |
Hardships present opportunities to directors | Entertainment |
TV actors get one more shot at an Emmy nomination | Entertainment |
Cramps frontman Lux Interior dies | Entertainment |
Google Latitude Tracks People Through Cell Phone
Banking thriller opens Berlin film festival | Entertainment |
Bleak Outlook For Cellphone Market
Martin Sheen plans movie on Spanish pilgrimage route
Hong Kong man arrested over prostitute murders
Briton charged in Thailand for organising 'swinging' parties
Protests as US warship docks in Nagasaki
Rabies kills a man on Bali
Mob museum to showcase Vegas's underworld
Malaysia: Sultan's aid sought in political battle
Headaches, and hope, as mine forces Lapland town to move
Flooded northern Australia braces for more rain
Springsteen blasts Ticketmaster for "abuse" of fans
Deadly medicine found in 2 more Chinese provinces
Lenovo announces loss, CEO resigns
Jonas Brothers to preview concert movie on CW
Threats to media freedom worry Thai Internet community
NZ jobless rate hits 5-year high, more rate cuts loom
Cramps frontman Lux Interior dies
Taiwan ex-leader's sister-in-law pleads guilty to money laundering
Honda starts selling cheap hybrid Insight
Shakira's gift: hometown school
Serious drought strikes farming regions in China
Seoul shares fall; shipping issues outperform
Hardships present opportunities to directors
Shareholders pass $2B deal to take PCCW private
Meryl Streep, Kate Winslet Oscar front-runners
Korea Zinc sees sales falling by up to 38 pct
Washington, D.C. a recurring character in "24"
Japan cautions businesses on job cuts
Actor to stand trial in San Diego in attack on ex
Workers protest as Italian sofa maker folds in China
S.Korea economy may be in recession -KDI
Japan to draft aid plan for air industry: official
New Google Application Tells People's Location Via Cell Phone
Online Chatter Thwarts Suicide Attempt On Web
At least 12 killed in Iraq restaurant attack
Landslide election wins for Iraq PM in provinces | International |
Seized Gaza freighter docks in Israeli port | International |
Iraq PM bloc wins big in Baghdad
The Cramp's Frontman Lux Interior Dies At 62
India says Pakistan's spy agency linked to Mumbai raid planners | International |
Seized Gaza freighter docks in Israeli port
Musician Joe Satriani Planning To Serve Plagiarism Lawsuit To Coldplay At The Grammy's
Britain slashes rates as banks take hits
Russia to start Iran nuclear plant by year end | International |
Fugitive Nazi lived as 'pious Muslim' at Cairo hotel
ECB holds interest rate at 2.0%, BoE cuts to 1.0%
Zimbabwe parliament passes unity government law | International |
Hamas to give Gaza truce response Saturday: Egypt
Bank of England slashes rate to historic low 1.0%
British oil workers end strike over foreign labor | International |
Iran protests to EU over opposition 'terror' tag removal
Deutsche Bank posts first loss since WWII, rejects state aid
At least 800 civilians cross to safety in Sri Lanka | International |
Bus-sized boa slithers into record books
Protest TV tries to bring down Georgian leader | International |
Five Sudanese charged with murdering U.S. aid worker | International |
UN chief addresses climate change conference
Alaska Residents Prepare For Expected Eruption Of Mount Redoubt Volcano
Russia c.bank sees $39/bbl oil as rouble support
Mingo County W.VA Drug Raid Yields 47 Arrests, Numerous Drugs
MIT researchers make 'sixth sense' gadget
Republicans Make Gains In Amending Stimulus; Final Vote May Be Held Friday
Merciless robots will fight future wars: researcher
Despite Fire Damage Mass Celebrated At Chicago's Historic Holy Name Cathedral
Netflix says 1 million Xbox members use movie service
Traffic-Related Deaths Decline In 40 States, D.C.
IBM teams up with Google on health software | Technology |
IBM teams up with Google on health software
Leon Panetta To Face Lawmakers In Confirmation Hearing As CIA Director Thursday
Volume Of Unemployment Benefit Applications Overwhelm Claims Offices
Netflix says 1 million Xbox members use movie service | Technology |
Congress approves digital TV delay | Technology |
Among Madoff's 14,000 Victims Are, Friends, Relatives And Notables
President To Create Council On Faith-Based Programs Thursday
Somali pirates free Ukrainian arms ship
House Of Representatives Vote For A 4-Month Delay In Digital TV Switch
Netflix says 1 million Xbox members use movie service
Prague urged to end castration for sex offenders
China declares emergency as drought bites
Kyrgyzstan: talks on US base continue
Philippines: 3 Red Cross hostages appeal for talks
Former Thai PM sues over anti-royalist insinuation
Jolie asks Thailand to help Burmese refugees
Sri Lanka offers Tigers amnesty on condition of surrender
Jolie urges Thailand to welcome Rohingya refugees | Entertainment |
UN chief addresses climate change conference
Alaska Residents Prepare For Expected Eruption Of Mount Redoubt Volcano
India's Satyam gets new CEO, $130 million in loans
MSN bows gossip site Wonderwall | Entertainment |
NKorea's missile test violates UN resolutions: SKorea
Designer Develops Recycled Cardboard Computer Housing
GM, China's FAW Group say in partnership talks
Beijing to world: Don't take Chinese from Gitmo
New Study Critical Of Corn Ethanol
Taiwan's government mulls buying Elpida stake
Lil Wayne has tough climb in top Grammy category
Red Cross hostages in Philippines appeal for their release
House Of Representatives Vote For A 4-Month Delay In Digital TV Switch
US-ENTERTAINMENT Summary
S&P: Asia to lead global recovery in late 2009
MSN bows gossip site Wonderwall
Intel to close Shanghai plant amid global crisis: statement
Thriller on shady bankers opens Berlin film fest
Suzuki Motors sees plunging profits
Ang Lee protege lands 1st role since reported ban
Mitsubishi to halve production at Thai plants: company
Wildlife group, Ashley Judd take aim at Gov. Palin
SCENARIOS-S.Korea court to decide Ssangyong's fate
Barbie -- and creators -- feel her age at 50
Taiwan dollar falls on c.bank, fund outflows
Fact meets fantasy in Disney 'Small World' remake
Alaska Residents Prepare For Expected Eruption Of Mount Redoubt Volcano
Mingo County W.VA Drug Raid Yields 47 Arrests, Numerous Drugs
FBI Reviews Decades Old Tylenol Murders Case, Searches Home Of Tylenol Man
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01