Swift delayed until next year in U.S. as Vw and Suzuki review plans

Article by Christian A., on September 25, 2010

As you may know already, the new Suzuki Swift was scheduled to make its debut in the United States this year, but the Japanese manufacturer delayed the small hatch until next year.

It appears that Suzuki’s product plans in the United States are murky, partly due to the fact that Volkswagen bought 20 percent of Suzuki Motor Corp this year and partly because of the growing strength of the yen against the dollar.

Despite the fact that the engineering for the U.S. market was completed, and Suzuki was setting the price, the manufacturer’s worldwide product plans are currently under review following the Volkswagen deal. Volkswagen and Suzuki executives are looking for new solutions to share car platforms as well as technology.

According to sources, the plan is set to be completed this fall. Suzuki’s U.S. sales have been in free fall and almost 50 dealers accepted buyout offers from the company.

Also the strengthening yen against the dollar is a big problem, because the exchange rate means low profits. 

"At the moment, if the exchange rate continues like it is, we couldn't expect very much profit," said Takuma Mizuyoshi, a Suzuki spokesman in Japan. "So that's a concern right now." [via autonews - sub. required]

If you liked the article, share on:

Pin It

Comments

Recommended

Lamborghini has disclosed that it is looking into the possibility of releasing electric vehicles. With the Volkswagen Group revealing that it will be releasing electric vehicles within several years, there...
by - March 25, 2017
Daimler AG, through its Smart division, has disclosed that its two electric models, the Smart ForTwo and the Smart ForFour are now open for orders in Germany. Official market launch...
by - March 25, 2017
Lamborghini has officially offered clear proof that the Huracán Performante was able to set a new record at the Nürburgring Nordschleife with a time of 6:52.01 It was in early...
by - March 25, 2017
Top Gear has revealed that for its “Stars in a Reasonably Fast Car” segment, it will now be using a slightly enhanced Toyota GT86, which in the U.S. market is...
by - March 24, 2017
Porsche is laying aside any plans of pushing another hybrid hypercar into their line-up -- at least not at this time. Oliver Blume, Porsche Global Chief confirmed in a recent...
by - March 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries