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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World Suzuki to supply small cars for Mitsubishi Motors AFP - Friday, December 24 Send IM Story Print Suzuki to supply small cars for Mitsubishi Motors Slideshow: Full Photo Coverage: Business & Economy TOKYO (AFP) - – Japan's Suzuki Motor will supply compact vehicles to Mitsubishi Motors in their domestic market, the two firms said Friday, as automakers explore ways to survive in a shrinking market. Suzuki will offer 800 Solio vehicles to Mitsubishi Motors a month, under an original equipment manufacturer (OEM) deal, they said in a joint statement. "The OEM supply is expected to generate new customers" for Mitsubishi by strengthening its product lineup, the statement said. With the deal, "Suzuki aims to improve its productivity and lower production and development costs through further increasing economies of scale", it said. Compact vehicles have gained popularity in Japan because of their fuel efficiency and small size allowing easy driving through narrow Japanese roads. The Suzuki-Mitsubishi deal is the latest in a series of tie-ups and alliances among major Japanese automakers as they struggle to stay profitable in a slumping domestic market with a falling population. Earlier this month, Mitsubishi and Nissan Motor announced an expanded partnership agreement, with a special focus on cooperation on mini-vehicles in Japan and compact automobiles in the global market. The Japanese new vehicle market is bracing for a sharp fall next year, after some of the government's green-car incentive programmes ended this year. Japanese automakers have been shifting production and sales overseas, particularly to growing Asian markets, as younger Japanese consumers avoid car purchases due to the high costs of fuel, maintenance and tax. Recommend Send IM Story Print Related Articles Avocet sells SE Asian mines for $200 mln cash Reuters - 36 minutes ago Toshiba to build new LCD plant for $1.2 bln-Jiji Reuters - 40 minutes ago Turkey, Japan eye deal on 2nd Turkish nuclear plant Reuters - 41 minutes ago Bharti to delist Zambia unit from local bourse Reuters - 43 minutes ago Seoul shares fall 0.4 pct as autos, airlines weigh Reuters - 44 minutes ago News Search Top Stories Hollywood stars Johansson, Reynolds divorce Bomb blasts hit Swiss, Chilean embassies in Rome Obama to regulate carbon from power plants US economy hobbles toward brighter 2011 UN demands halt to Ivory Coast killings More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Indonesia's dragons draw tourists to 'Jurassic' islands Oil jumps to highest levels since 2008 Fears grow of euro-style debt crisis in US states 'World's first' glasses-free 3D TV hits Japan Antarctic IceCube observatory to hunt dark matter More Most Viewed » Defiant Obama defends tax cuts, eyes 2012 More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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