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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Suzuki Motor Corporation    7269   JP3397200001

SUZUKI MOTOR CORPORATION

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Insurance group raps Toyota Camry in new crash test

12/20/2012 | 12:05am EST
A visitor is reflected on a Toyota car at the company's showroom in Tokyo

DETROIT (Reuters) - Toyota Motor Corp's (>> TOYOTA MOTOR CORPORATION) best-selling 2013 Camry received a "poor" crash-test rating on Thursday from an insurance industry group that awarded high marks to Honda Motor Co's (>> Honda Motor Co Ltd) redesigned Accord sedan.

DETROIT (Reuters) - Toyota Motor Corp's (>> TOYOTA MOTOR CORPORATION) best-selling 2013 Camry received a "poor" crash-test rating on Thursday from an insurance industry group that awarded high marks to Honda Motor Co's (>> Honda Motor Co Ltd) redesigned Accord sedan.

The Camry -- the top-selling passenger car in the United States for 14 of the past 15 years -- and the Accord were among a group of 2013-model midsize cars tested by the Insurance Institute for Highway Safety, a non-profit group funded by the insurance industry.

The 2012 Camry, after it was redesigned last year, was named a Top Safety Pick by IIHS. It also received a 5-star safety rating from the National Highway Traffic Safety Administration, as part of the federal safety group's New Car Assessment Program.

IIHS this year has implemented a more stringent frontal crash test, designed to "replicate what happens when the front corner of a car collides with another vehicle or an object like a tree or utility pole."

It said only two cars -- the 2013 Accord and the 2013 Suzuki Kizashi (>> SUZUKI MOTOR CORPORATION) -- received the top rating of "good" in the new test. Two cars -- the 2013 Camry and the 2013 Toyota Prius v -- received the lowest rating of "poor."

Eleven cars, including the redesigned 2013 Ford Fusion (>> Ford Motor Company) and 2013 Nissan Altima (>> Nissan Motor Co., Ltd.), were rated "acceptable" and three cars, including the 2013 Chevrolet Malibu and the 2013 Hyundai Sonata, were rated "marginal."

"Toyota engineers have a lot of work to do to match the performance of their competitors," IIHS said in a statement released Thursday with the latest crash-test results.

Toyota spokesman Mike Michels said the automaker "will respond to the challenge."

"We are evaluating the new test protocols and can say that there will not be one single solution to achieve greater crash performance in this area," Michels said.

Through November, Camry's U.S. sales totaled 373,479, up 36 percent from the previous year, while Accord sales totaled 302,444, up 39 percent.

(Reporting by Paul Lienert in Detroit; Editing by Dan Grebler)


© Reuters 2012
Stocks mentioned in the article
ChangeLast1st jan.
BEST INC. -1.33% 2.96 Delayed Quote.-46.76%
FORD MOTOR COMPANY 0.11% 9.09 Delayed Quote.-2.26%
HONDA MOTOR CO., LTD. -2.00% 2996 End-of-day quote.-3.32%
HYUNDAI MOTOR COMPANY -0.28% 179000 End-of-day quote.48.55%
NISSAN MOTOR CO., LTD. -1.97% 527.6 End-of-day quote.-17.06%
SUZUKI CO.,LTD. 0.56% 902 End-of-day quote.9.47%
SUZUKI MOTOR CORPORATION 0.74% 5690 End-of-day quote.24.59%
TOYOTA MOTOR CORPORATION -0.67% 7301 End-of-day quote.-5.35%
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More news
Financials
Sales 2021 2 940 B 28 238 M 28 238 M
Net income 2021 99 588 M 956 M 956 M
Net cash 2021 289 B 2 772 M 2 772 M
P/E ratio 2021 26,5x
Yield 2021 1,24%
Capitalization 2 762 B 26 555 M 26 528 M
EV / Sales 2021 0,84x
EV / Sales 2022 0,77x
Nbr of Employees 68 499
Free-Float 84,5%
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 4 965,63 JPY
Last Close Price 5 691,00 JPY
Spread / Highest target 8,94%
Spread / Average Target -12,7%
Spread / Lowest Target -61,3%
EPS Revisions
Managers
NameTitle
Toshihiro Suzuki President & Representative Director
Osamu Suzuki Chairman
Osamu Honda Representative Director & Technical Supervisor
Toshiaki Hasuike Director, VP, Head-Production & Technology
Yasuhito Harayama Vice Chairman & Head-Special Mission
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