Suzuki Ditches Los Angeles and Detroit Motor Shows

The strong yen is eating away profit margins and hurting Japanese carmakers’ sales and as a result, is forcing them to find ways to cut their losses.

Suzuki, which has been hit very hard by the currency exchange rates since it manufactures all of its U.S. market models - sans the Equator pickup truck- in Japan, decided to withdraw from next month’s Los Angeles Motor Show, despite having originally confirmed its participation.

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VW Group Says "Nein" to Suzuki's Request to Return its Shares

The feud between Volkswagen Group and Suzuki Motors Corp. continued on Monday as the German automaker issued a press statement saying that it has no intention to sell its 19.9 percent stake in the Japanese company despite the latter's request to disband their partnership.

The VW Group said it will keep its stake in Suzuki Motor Corp. "unchanged," adding "the discussion between both parties will be exclusively conducted internally" and that "it will not comment on any further speculation."

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