| |
1909
— The company started out as Suzuki
Loom Works. It was founded in Hamamatsu,
Shizuoka Prefecture Japan, by Michio Suzuki.
1952 — It created the motorized bicycle,
called Power Free, which featured a 2x36cc
engine. This bike was popular, so in 1954
it introduced a second bicycle.
1954 — The company's name changed
to Suzuki Motor Corporation. In 1955 Suzuki
introduced its first mass-produced car,
the Suzulight.
1970s — The models Suzuki Fronte (in
different variations such as the 360 or
the Viola) and Suzuki Jimny were produced.
1981 — General Motors purchases 5%
of Suzuki shares
1998 — GM purchases additional shares
for a 10% stake
2001 — GM's share is up to 20.4%
March, 2006 — GM divested, selling
92.36 million shares and reducing their
stake to 3% in order to raise $2 billion.
Suzuki still owns 11% of GM Daewoo Auto
and Technology.
Beginning with the Chevrolet Sprint, Suzuki
has built cars for other manufacturers.
In Europe, the main rebadged Suzuki is the
Subaru Justy and G3X Justy, which has been
a version of its Swift and, more recently,
its Ignis. Most of Mazda's (and Autozam's)
smallest vehicles are made by Suzuki, as
is the Nissan Moco. Suzuki's Samurai/Sierra
was also known as the Holden Drover between
1985 and 1987. The Chevrolet Cruze and Holden
Cruze are also on Suzuki platforms—again
the Ignis's but with a Holden-designed body.
The Geo and Chevrolet Tracker were Suzuki
Vitaras by another name. Suzuki has recently
collaborated with Nissan, they will supply
Suzuki with a mid-sized/pick up vehicle,
whereas Suzuki will provide Nissan with
more minicars for the Japanese home market.
In addition the two companies will start
manufacturing cars in India, which is an
emerging market, Suzuki already owns just
over 50% of Maruti Udyog Limited which sell
most cars in the Indian market.
|
|