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NEWS
March 28, 1987 | KIM MURPHY, Times Staff Writer
A youthful motorcyclist who developed a new, rough-terrain suspension system for his cycle won an award that could total $19 million from Suzuki Motor Co. Friday when a jury decided that the mammoth Japanese manufacturer had stolen his invention. A federal court jury in Los Angeles decided Don Richardson, a lifelong motorcycle enthusiast, should be entitled to worldwide royalties for the unique floating shock absorber that he designed at the age of 19.
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BUSINESS
November 18, 2008 | Associated Press
Cash-strapped General Motors Corp. will sell its entire stake in Suzuki Motor Corp. for $230 million, the automaker's latest move to stay afloat while awaiting a decision on government aid for the industry. Suzuki said Monday that it would buy back the 3% stake from the U.S. auto giant, which is seeking a $25-billion government lifeline, together with Ford Motor Co. and Chrysler, to weather the deepening economic crisis.
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BUSINESS
April 19, 1993 | From Times Staff and Wire Reports
Suzuki Joint Venture: Suzuki Motor Co. became the first Japanese auto maker to enter a joint venture agreement for passenger car production in China. Suzuki, Japan's leading producer of small vehicles and the world's third-ranked motorcycle maker, will produce its Alto passenger car there beginning in the spring of 1995.
AUTOS
April 16, 2008 | SUSAN CARPENTER
ASK any female biker and she'll tell you the same thing: A motorcycle is a great prop for soliciting male attention. Stares, smiles, honks, devil horns -- it starts happening as soon as you throw a leg over. But in the almost two years I've been reviewing bikes, I've recognized a tipping point. When a woman rides a bike above 1,600 cc, she's no longer perceived as sexy. There are just as many look-sees, but they're directed toward the bike, not the rider, which leads me to believe that a woman outsized by her motorcycle isn't just intimidating but so unfeminine as to be macho.
NEWS
June 4, 1987 | KIM MURPHY, Times Staff Writer
A Los Angeles federal judge has reversed a potential $19-million judgment awarded to a young motorcycle mechanic who successfully sued Suzuki Motor Co. over patent rights to a suspension system he invented in his garage. In a ruling made public Tuesday, U.S. District Judge William P. Gray ordered a new trial on Donald G. Richardson's claims that the Japanese cycle manufacturer stole his invention when it marketed a new "full floater" suspension system on many of its models.
BUSINESS
January 10, 1990 | From United Press International
Suzuki Motor Co., Japan's top maker of minicars, said Tuesday it has agreed to launch a $138-million joint venture in Hungary to manufacture subcompact passenger cars. "A broad agreement has been reached on the project after rounds of negotiations held between both parties, and the project will be carried out with the understanding and cooperation of authorities concerned," the company said.
BUSINESS
June 3, 1988 | JAMES RISEN, Times Staff Writer
The Suzuki Samurai, one of the hottest products on the American car market over the past three years, was hit with a devastating public relations blow Thursday from the publishers of Consumer Reports magazine.
BUSINESS
March 7, 2006 | John O'Dell, Times Staff Writer
Ailing General Motors Corp. said Monday that it would raise about $2 billion by selling most of its stake in Japanese automaker Suzuki Motor Corp. to help its tattered balance sheet. GM said it would sell the stock back to Suzuki in a deal expected to close today. Selling the shares will add to GM's liquidity "during this critical phase of our turnaround," GM Chief Executive Rick Wagoner said in a statement.
BUSINESS
January 13, 1999 | JOHN O'DELL, TIMES STAFF WRITER
The giant Tuttle-Click Automotive Group has picked up franchises for Hyundai and Suzuki dealerships in the Irvine Auto Center, signaling renewed confidence in the two car makers. The Irvine-based chain had dropped the same franchises five years ago, citing poor sales. But American Suzuki Motor Corp.'s new mini sport-utility vehicle, the V-6 powered Grand Vitara, and Hyundai's improved quality and industry-leading warranty program are rekindling buyer interest.
BUSINESS
September 3, 2004 | From Associated Press
Suzuki Motor Corp. and Honda Motor Co. have recalled tens of thousands of vehicles, the National Highway Traffic Safety Administration said. Suzuki recalled 172,093 Grand Vitara sport utility vehicles because a fuel-pressure problem, under very cold conditions, could result in a fire. The affected vehicles include 1999-2003 model year Grand Vitaras, 2001-03 Grand Vitara XL-7s, certain 2004 Vitaras and the 2004 Grand Vitara XL-7.
BUSINESS
April 4, 2007 | John O'Dell, Times Staff Writer
Shout "Hey, check out that Suzuki!" in a crowded parking lot, and most eyes will start scanning for a motorcycle. Few would be looking for a vehicle such as William Ruiz's 2007 Suzuki XL7, a $22,000 seven-passenger "crossover" that the Los Angeles resident and mortgage lending supervisor calls "awesome." It was awesome enough to make his a two-Suzuki family, as he had previously given up his luxe Saab 9-5 sedan in favor of a sporty Aerio compact for his daily commute.
BUSINESS
November 9, 2006 | From the Associated Press
General Motors Corp. Chairman and Chief Executive Rick Wagoner held separate meetings in Japan with leaders of Toyota, Isuzu and Suzuki, GM said. The meetings were scheduled in advance of Wagoner's trip to Japan and were held to discuss "areas of mutual interest," according to a GM statement. The company would not reveal specific issues discussed, but said GM had long-standing business relationships with all three Japanese automakers.
BUSINESS
March 7, 2006 | John O'Dell, Times Staff Writer
Ailing General Motors Corp. said Monday that it would raise about $2 billion by selling most of its stake in Japanese automaker Suzuki Motor Corp. to help its tattered balance sheet. GM said it would sell the stock back to Suzuki in a deal expected to close today. Selling the shares will add to GM's liquidity "during this critical phase of our turnaround," GM Chief Executive Rick Wagoner said in a statement.
BUSINESS
September 3, 2004 | From Associated Press
Suzuki Motor Corp. and Honda Motor Co. have recalled tens of thousands of vehicles, the National Highway Traffic Safety Administration said. Suzuki recalled 172,093 Grand Vitara sport utility vehicles because a fuel-pressure problem, under very cold conditions, could result in a fire. The affected vehicles include 1999-2003 model year Grand Vitaras, 2001-03 Grand Vitara XL-7s, certain 2004 Vitaras and the 2004 Grand Vitara XL-7.
BUSINESS
December 17, 2003 | From Bloomberg News
Suzuki Motor Corp. will recall about 200,000 small sport utility vehicles to fix flawed accelerator cables, U.S. safety regulators said. The recall affects 196,876 Suzuki vehicles, including 1999 through 2004 model Grand Vitara SUVs and 2001 through 2004 model XL-7 SUVs, the National Highway Traffic Safety Administration said. The agency said cables in the vehicles could become frayed and stick, reducing the ability to control speed and possibly causing a crash. Officials at the company's U.S.
BUSINESS
July 31, 2003 | From Bloomberg News
It is unlikely that Daewoo Motor America Inc., the bankrupt sales unit of insolvent Daewoo Motor Co., would be allowed to block General Motors Corp. and Suzuki Motor Corp. from selling Daewoo vehicles in the U.S. under their own brand names, a judge indicated. U.S. Bankruptcy Judge Sheri Bluebond in Los Angeles said she probably would deny Daewoo's request for a temporary restraining order, Suzuki spokeswoman Celeste Speier said.
BUSINESS
December 17, 2003 | From Bloomberg News
Suzuki Motor Corp. will recall about 200,000 small sport utility vehicles to fix flawed accelerator cables, U.S. safety regulators said. The recall affects 196,876 Suzuki vehicles, including 1999 through 2004 model Grand Vitara SUVs and 2001 through 2004 model XL-7 SUVs, the National Highway Traffic Safety Administration said. The agency said cables in the vehicles could become frayed and stick, reducing the ability to control speed and possibly causing a crash. Officials at the company's U.S.
BUSINESS
January 9, 1995 | From Times Staff and Wire Reports
Suzukis to Be Built in Bien Hoa: Suzuki Motor Corp. and trading company Nissho Iwai Corp. plan to open an assembly plant to build small trucks and vans for Vietnam's fast-growing market. The venture, which will include a Vietnamese partner, will initially build 4,000 vehicles a year, Nissho said. Start-up costs are about $200 million. Nissho and Suzuki are expected to hold a 35% share each. The remaining 30% will be held by state-owned Vietnam Engine & Agricultural Machinery Corp.
BUSINESS
July 25, 2003 | From Bloomberg News
Daewoo Motor America Inc., the sales unit of defunct Daewoo Motor Co., is suing General Motors Corp. and Suzuki Motor Corp. to stop them from selling Daewoo vehicles in the U.S. under their own brands. The request for a temporary restraining order, filed in U.S. Bankruptcy Court in Los Angeles, claims that General Motors and Suzuki are violating a 1999 agreement in which the South Korean automaker gave Compton-based Daewoo Motor America exclusive U.S.
BUSINESS
September 14, 2000 | Bloomberg News
General Motors Corp will spend $653 million to double its stake in Suzuki Motor Corp. in an effort to increase its share of Asia-Pacific's fast-growing auto market. Suzuki shares rose to 13.2% in Tokyo. As part of the transaction, John F. Smith Jr., GM's chairman, will become the first non-Japanese member of Suzuki's board. Also, in September 2001, the two companies will start building a jointly developed small car called YGM-1 at Suzuki's Kosai plant in Shizuoka, southwest of Tokyo.
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