Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Suzuki Motor Corporation
  6. News
  7. Summary
    7269   JP3397200001

SUZUKI MOTOR CORPORATION

(7269)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Suzuki Motor : and Daihatsu Join Commercial Japan Partnership for Dissemination of CASE Technologies in Mini-commercial Vehicles

07/21/2021 | 03:27am EDT

21 July 2021

Suzuki Motor Corporation
Daihatsu Motor Co., Ltd.
Toyota Motor Corporation

Tokyo, Japan, July 21, 2021-Suzuki Motor Corporation (Suzuki) and Daihatsu Motor Co., Ltd. (Daihatsu) announced that they joined the Commercial Japan Partnership (CJP) commercial vehicle project today to accelerate their carbon neutrality initiatives in minivehicles through the dissemination of CASE technologies and services. As part of their participation in the project, Suzuki and Daihatsu are to each acquire 10 percent of issued shares of Commercial Japan Partnership Technologies, the joint venture for the CJP initiative, from Toyota Motor Corporation (Toyota).

Minivehicles, in which Suzuki and Daihatsu excel, account for about 31 million of the approximately 78 million vehicles owned in Japan and serve as an essential lifeline in the daily lives of people, especially in rural areas. Also, mini-commercial vehicles cover areas that are accessible to them because of their size and support last-mile logistics. Although minivehicles can play important roles in the realization of a carbon-neutral society and the spread of CASE technologies and services, in this era of profound transformation, there are many issues that minivehicle manufacturers are unable to solve on their own.

CJP was launched in April this year to accelerate societal implementation and dissemination of CASE technologies and services by combining the commercial business foundations cultivated by Isuzu Motors Limited (Isuzu) and Hino Motors Limited (Hino) with the CASE technologies of Toyota while helping address various challenges facing the transportation industry as well as contribute to the achievement of a carbon-neutral society.

Expanding CJP to include minivehicles with the participation of Suzuki and Daihatsu will enable the promotion of improved integrated logistics efficiency spanning from large trucks to mini-commercial vehicles. This new collaboration also aims to disseminate affordable advanced safety technologies and electrification for minivehicles via the leveraging of Suzuki and Daihatsu's strength of high-quality, low-cost manufacturing and Toyota's CASE technologies.

Main Aims of CJP Collaboration

  • 1) Improving logistics efficiency by building a connected-technology infrastructure that links the main arteries of logistics (truck logistics) with the capillaries of logistics (mini-commercial vehicles)
  • 2) Expanding from commercial vehicles to minivehicles the use of advanced safety technologies that contribute to safety and security
  • 3) Cooperating on the use of technologies for the electrification of affordable, high-quality minivehicles that can be sustainably disseminated

To fulfill the automotive industry's mission of 'improving people's lives' and 'leaving a better Japan and a better planet for the next generation', the companies participating in CJP intend to continue to deepen areas of collaboration and openly consider coordination with other like-minded partners.

Outline of Commercial Japan Partnership Technologies
(at the end of July 2021)

Name Commercial Japan Partnership Technologies Corporation
Location 1-4-18 Koraku, Bunkyo-ku, Tokyo
Capitalization 10 million yen (Capital structure: Toyota 60 percent, Isuzu 10 percent, Hino 10 percent, Suzuki 10 percent, Daihatsu 10 percent)
Representative director Hiroki Nakajima, president
(President of Toyota Motor Corporation's in-house CV Company)
Start of operations April 1, 2021
Principal line of business Planning CASE technologies and services for commercial vehicles

Disclaimer

Suzuki Motor Corporation published this content on 21 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2021 07:24:44 UTC.


© Publicnow 2021
All news about SUZUKI MOTOR CORPORATION
09/15THE LIMITLESS MARUTI SUZUKI SWIFT : Delights 2.5 million customers
AQ
09/10MARUTI SUZUKI INDIA : Ciaz clocks 3 Lakh sales; Fastest ever in the Premium Seda..
AQ
09/10SUZUKI MOTOR : Florida Supreme Court Adopts Apex Doctrine, Provides Protections ..
AQ
09/09COVID-19 impact could hit Japanese automakers' output in Oct
RE
09/08COVID-19 impact could hit Japanese automakers' output in Oct
RE
09/07Stellantis joint venture with China's GAC to close one of two plants
RE
09/06MARUTI SUZUKI INDIA : The Indian Competition Authority Fines A Leading Automobil..
AQ
08/31MARUTI SUZUKI INDIA : to Cut Production by 60% in September
MT
08/31SUZUKI MOTOR : factory in Hungary to halt production for two weeks due to chip s..
RE
08/31Maruti production to halve in September as chip shortage hits India's top car..
RE
More news
Analyst Recommendations on SUZUKI MOTOR CORPORATION
More recommendations
Financials
Sales 2022 3 568 B 32 486 M 32 486 M
Net income 2022 177 B 1 610 M 1 610 M
Net cash 2022 556 B 5 061 M 5 061 M
P/E ratio 2022 14,1x
Yield 2022 1,95%
Capitalization 2 493 B 22 728 M 22 699 M
EV / Sales 2022 0,54x
EV / Sales 2023 0,48x
Nbr of Employees 68 739
Free-Float 84,4%
Chart SUZUKI MOTOR CORPORATION
Duration : Period :
Suzuki Motor Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SUZUKI MOTOR CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Last Close Price 5 133,00 JPY
Average target price 5 590,00 JPY
Spread / Average Target 8,90%
EPS Revisions
Managers and Directors
Toshihiro Suzuki President & Representative Director
Osamu Honda Representative Director & Technical Supervisor
Toshiaki Hasuike Director, VP, Head-Production & Technology
Kinji Saito Director & Senior Managing Executive Officer
Takanori Suzuki Director & Senior Managing Executive Officer
Sector and Competitors
1st jan.Capi. (M$)
SUZUKI MOTOR CORPORATION7.34%22 627
TOYOTA MOTOR CORPORATION24.92%250 292
VOLKSWAGEN AG28.93%145 880
DAIMLER AG25.47%91 673
GENERAL MOTORS COMPANY24.45%75 228
GREAT WALL MOTOR COMPANY LIMITED11.65%71 138