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Suzuki posts 46% drop in first-quarter profit on slowing India demand

TOKYO — Suzuki on Monday reported a 46.2% fall in first-quarter operating profit, hurt by lower output at home as it improves its inspection systems, and falling demand in India, its biggest market. Japan's fourth-largest automaker posted an operating profit of 62.7 billion yen (GBP487 million) for the April-June quarter, down from 116.5 billion yen a year earlier and below a mean forecast of 69.09 billion from eight analysts, according to Refinitiv. Suzuki reaffirmed its forecast for full-year operating profit to come in at 330 billion yen, up 1.7% from the year ended March 2019. Suzuki, known for its Swift and Baleno compact models, is bracing for subdued growth this year in India, where roughly one in two cars sold carries its brand. The company stuck to a forecast for vehicle sales to increase slightly on the year, but conceded that it may need to trim its forecasts in the coming months as slowing economic growth and stricter emissions standards could dent sales. Slowing profit growth could hamper its ability to invest in and develop lower-emissions vehicles and on-demand transportation services necessary to survive the technological upheaval currently underway in the global auto industry. The automaker has long acknowledged that it cannot shoulder the costs of developing electric vehicles and self-driving cars on its own, and has turned to Toyota to supply Suzuki vehicles with its gasoline hybrid systems.

Suzuki previews new S-Cross compact CUV ahead of Paris debut

Despite having one heck of a lackluster presence here in the United States, Suzuki still manages to do well in other markets. That in mind, the automaker continually releases new products and concept cars at international auto shows that aren't destined for U.S. consumption, but this might not be one of those times.
The aging SX4 crossover is in need of replacement, and if Suzuki is still committed to selling passenger cars in the States, something fresh like this S-Cross concept could be just the ticket. Suzuki has, after all, confirmed that the S-Cross will eventually make its way into production.
We have no other details to divulge about the S-Cross, except that it's a small crossover concept and that it will make its public debut at the Paris Motor Show in September. Suzuki says that the S-Cross has a "Emotion x Quality x Aerodynamics" design theme that uses "distinctive dynamic lines that start on the front bumper, sweep across the doors, and continue to the rear of the body." No offense, Suzuki, but we've heard that before.

Suzuki iK-2 and iM-4 concepts suggest future style

Suzuki might no longer sell cars in the US, but the Japanese brand is showing that it's still vibrant in the rest of the world by unveiling two concepts at the Geneva Motor Show. The models also debut some the company's future technology and preview the look of upcoming production vehicles. The iK-2 Concept (top) foreshadows a future compact hatchback, and Suzuki is clear that a production version is due to arrive in Europe in 2016. Its styling is a flowing take on the traditional five-door hatchback, especially around the front fenders. More importantly, the model also rides on the Japanese brand's next-gen platform that promises to be lighter, more rigid, offer better efficiency and improve safety. Power comes from the new Boosterjet engine, but despite the speedy name, it's a 1.0-liter, direct-injected, turbocharged three-cylinder. A mild hybrid system is also going to be offered on the iK-2, but outputs for the powertrains aren't specified yet. The more interesting of the pair visually is the Suzuki iM-4 Concept (pictured inset) that imagines a simple, mini offroader, possibly a replacement for the Jimny. It's on the same platform as the iK-2 but with a much higher ride height and quirky styling. The grille and headlight configuration take inspiration from a pair of sunglasses, Suzuki claims. The model also features broad, fairly unadorned surfaces and short overhangs. The whole look just gives the impression of a little mountain goat ready to go anywhere. Power goes to all four-wheels thanks to a 1.2-liter engine and mild hybrid system. With Suzuki long gone from the US, your best chance to look at the brand's latest concepts might be to check out our live galleries from the Geneva show. iK-2 – SUZUKI'S NEW COMPACT HATCHBACK CONCEPT The smartest compact car developed by pursuit of compact hatchback ideals to a new even higher level for Suzuki Excellent design and utility integrated into a single package Design theme of "Liquid Flow", elegant design with flowing lines suggestive of an energetic movement of liquid Built around a new-generation platform and equipped with BOOSTERJET engine Production model to be released in Europe in 2016 Making its global debut at the 85th Geneva Motor Show, Suzuki Motor Corporationreveals its new compact hatchback concept car, the iK-2. The iK-2, the smartest compact car, offers all the elements expected in a car of this size.