Suzuki 2001 Annual Report Download - page 7

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SUZUKI MOTOR CORPORATION● 5
Iwata Plant
Multi-purpose vehicle and commercial vehiche assembling plant
WAGON R (manufactured at Maruti
Udyog Ltd. in India)
CARRY VANJIMNY
The Overseas Markets
The total automobile export volume for this fiscal year amounted to
1,074,000 units, 91% of the previous year, but sales reached 109% of
the previous year.
In North America, both the number of units and sales grew thanks to
a strong economic climate and introduction of new models; however,
the slowdown of the American economy has become noticeable from
the latter half of this fiscal year. The European market as a whole has
held steady, and sales volume grew considerably. However, the
depreciation of the euro against the yen has affected our profits. In the
Asian markets, sales volume has been declining due to the sluggish
economy; however, signs of recovery can be seen in Southeast Asia.
As for individual products, in North America, the Grand Vitara XL-
7 was launched as the new flagship model of our lineup in that market.
In the European market, we introduced Ignis, a new multi-purpose
compact car. Furthermore, the Liana was introduced at the Geneva
Motor Show as Suzuki's proposition for how small cars can meet
transportation requirements in the 21st century.
In this fiscal year, Suzuki has continued to actively promote
overseas expansion, with the aim of taking 5% share of the global
market under the slogan "Global 5." Production of the Wagon R+,
which was jointly developed with General Motors Corporation, has
been growing both at the Opel plant in Poland and at Magyar Suzuki
Corporation, Suzuki's production base in Hungary, in which we
increased the capital. In Colombia, we made a capital contribution to
General Motors Colmotores S.A., a subsidiary of General Motors
Corporation, to strengthen our business alliance with General Motors
Corporation in South America.
Business operations at our overseas subsidiaries are performing
favorably overall, and we are making the utmost efforts toward full
rationalization and maximum efficiency to further heighten our
business strengths.
Kosai Plant
Passenger car assembling plant