But he ll continue to work with the company as an adviser.
Suzuki may not be offered in the US any longer, but as Japan s fourth-largest automaker and with close ties to Toyota, we could someday see the brand return to our shores. We certainly hope the company returns and brings its highly sought-after Jimny along too. The brand has always cared for its customers and some of its cars are true treasures. A lot of the company s innovation and success can be attributed to its now ex-chairman, Osamu Suzuki. He s been at the company for over forty years, but now he s finally decided to step down from the role of chairman, a position he has held since the turn of the millennium.
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Osamu Suzuki stepped down as president in 2015 at age 85, when he handed the post to his son, Toshihiro Suzuki, but remained as chairman. | REUTERS
Kyodo Feb 25, 2021
Suzuki Motor Corp. Chairman Osamu Suzuki will retire after leading the Japanese automaker for more than 40 years and making it into a global player with an overwhelming dominance in the Indian car market, the firm said Wednesday.
Asian Shares Follow Wall Street Higher
CANBERA (dpa-AFX) - Asian stocks rallied on Thursday as bond yields eased and dovish comments by U.S. Federal Reserve chairman Jerome Powell soothed worries around inflation and interest rates.
In his second day of testimony before Congress, Powell said the Fed plans to leave interest rates unchanged for a long time to come.
Chinese shares rose helped by strong gains in the property sector. The benchmark Shanghai Composite index ended up 20.97 points, or 0.59 percent, at 3,585.05, while Hong Kong s Hang Seng index edged up 355.93 points, or 1.20 percent, at 30,074.17.
Japanese stocks surged on economic optimism after the government said it is considering lifting a state of emergency in five prefectures, including Osaka and Kyoto. The Nikkei average rallied 496.57 points, or 1.67 percent, to 30,168.27, while the broader Topix index closed 1.22 percent higher at 1,926.23.