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LOSSES GROW AT SUZUKI

Shrinkage in Suzuki’s global motorcycle and ATV business has worsened during the three quarters of its current financial year.

Net sales revenue from bikes over these nine months to 31 December 2014 fell by 6.5 per cent  to £1.01bn. As a result, an associated operating loss of £26m in the equivalent period of its previous fiscal year has grown to a loss of £28m. Global wholesale shipment volume was down by 12.6 per cent at 1.349 million units.

Suzuki attributed this primarily to falling Asian markets, which dropped by 13.5 per cent to 1.075 million units in total. Worst afflicted was Indonesia with a 35.3 per cent reduction to 192,000 units. China declined by 6.8 per cent to 425,000 units. India also suffered a 6.8 per cent reversal at 257,000 units.

The brand’s European performance was similarly poor, decreasing by 7.3 per cent to 52,000 units. North America was better with only a marginal 0.6 per cent fall to 31,000 units.

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