Hungarian Suzuki revenue down 11.4%
Suzuki's Hungarian subsidiary, Magyar Suzuki had net revenue of € 1.4 billion last year, down 11.4% from €1.581 billion in 2011, CEO of Magyar Suzuki Hisashi Takeuchi told the press in Budapest last week. In 2011, Magyar Suzuki's revenue grew by almost 3%, he added. Dealers in contract with Suzuki sold 3,300 cars in Hungary last year, about three times more than in 2011. Before the global crisis, 150 dealers sold 39,000-40,000 cars annually in Hungary. Magyar Suzuki exports more than 90% of its production to European countries. Last year, Magyar Suzuki manufactured 156,070 cars, 9% less than in 2011. This year they plan to produce 170,000 cars, including the new SX4, the first C-category crossover of the brand, the CEO said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.