Last year, its operating profit jumped 17 percent to 132.9 billion yen. Suzuki, which is especially conservative in its guidance, is assuming an average dollar rate of 112 yen and euro of 147 yen for the year. It forecast a net profit of 76 billion yen. A survey of 16 analysts by Reuters Estimates put the profit at a much higher 151.8 billion yen. For the business year to March 31, 2008, Suzuki said it expected operating profit to inch up 0.8 percent to 134 billion yen (562 million pounds). Hiroshima-based Mazda, held one-third by Ford Motor Co., is also counting on core models such as the Mazda2 subcompact and Mazda6 sedan to boost its sales by 30 percent to at least 1.6 million cars over the next four years. Suzuki is to spend another $1.7 billion (852 million pounds) by 2010 to take its capacity in India to 1 million vehicles a year, while Toyota and others are battling to develop similar cars to compete. It is aiming to build 3 million cars in the year through March 2010, up 24 percent from 2006/07.īy far the fastest expansion has been in India, where Suzuki dominates the market with the Alto and other cheap, tiny but durable cars that even behemoths like Toyota envy.
Struggling to meet demand for its 1-litre Swift car, Suzuki is dipping into its ample cash reserves to add capacity in Hungary, India and Japan.
Other Japanese carmakers such as Honda and Toyota are also enjoying rapid growth thanks to their fleet of fuel-efficient cars, but Suzuki is a stand-out at a time when consumers are shifting en masse to compact cars. He maintained that if PDM was seriously committed to resign, then they should do it in the Tuesday’s meeting and nobody will stop them from doing so, he added.TOKYO (Reuters) - Japanese automakers Suzuki and Mazda posted double-digit jumps in annual profits on Friday and projected growth to continue this year as more production capacity becomes available.
On the other hand the government has been challenging the PDM over the resignations and termed it as a tactic to put pressure on the government as Foreign Minister Shah Mehmood Qureshi in his recent statement has said that there was confusion among the ranks of PDM. It is important to mention here that the idea of the resignations from the assemblies was firstly introduced by JUI’s Chief Maulana Fazl Rehman right after the 2018 general elections but all the opposition parties had opposed such move and were of view that fight against the government inside the parliament was the best option.ĭuring the JUI’s Azadi March back in October 2019, all the parties were asked to submit their resignations, but the majority of the parties once again opposed the move and no party except JUI was in favour of the dissolution of Assemblies. He said that en-masse resignation from the Assemblies was one of the main points in the party’s agenda and will opt for the option with a proper planning and preparation. However, PPP’s senior leader Nayyer Bukhari rejected the perception regarding the reluctance of PPP from resignations and told The Nation that PPP will follow the decision of the PDM, adding, that they will go for the option of en-mass resignation if the leadership of the alliance was opting for this option. While answering a question she said that few parties including Pakistan People’s Party (PPP) was not willing to go for the option of resignations from assemblies and wanted to consider options in the first line strategy. She stated that they had no other way but to get rid of the incumbent government as it has failed to deliver and keep their long and tall promises they had done with the people of Pakistan. Meanwhile, Awami National Party’s (ANP) senior leader Samar Haroon Bilour told The Nation that all their Parliamentarians from ANP had already submitted their resignations with the party leadership and will follow the decision of PDM. The source further revealed that the final future strategy against the Imran Khan government to be formed in today’s meeting of PDM adding, that all the parties were agreed on the point to get rid of Prime Minister Imran Khan with no further delay. The sources within the PDM confirmed that many parties were in favour of the resignations but few parties were still reluctant to use the option of resignations and wanted to pursue other options in the first phase. ISLAMABAD – The Pakistan Democratic Movement (PDM) unlikely to go straight for the option of en-mass resignations from the Assemblies and will exhaust other options before resignations.