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Home » Suzuki Motor’s Chairman, Osamu Suzuki Dies At 94

Suzuki Motor’s Chairman, Osamu Suzuki Dies At 94

Destiny Eseaga by Destiny Eseaga
December 28, 2024
in Mobility
0
Suzuki Motor’s Chairman, Osamu Suzuki Dies At 94

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Osamu Suzuki, who grew small-car specialist Suzuki Motor into an international brand with huge successes in India, died Wednesday at age 94 after bouts with cancer, the company said Friday.

Under the charismatic businessman’s four-decade leadership through 2021, the firm’s sales grew more than 10-fold.

Born on January 30, 1930, in the central Japanese region of Gifu, he married into the firm’s founding family and later became its president in 1978.

Calling himself an “old man at a small business,” he focused on building lightweight “kei” vehicles, many of which became big hits for their fuel efficiency and easy-to-handle quality.

He also actively sought international partners and opportunities overseas to expand his business.

The carmaker once tied up with General Motors and Volkswagen and also forged a capital alliance with Toyota in 2019.

United BANK

He expanded in India, where the company’s subsidiary now occupies the top market position.

When he retired as the firm’s chairman in 2021, the company’s sales stood at 3.18 trillion yen ($20 billion).

When he took over the company in 1978, the firm’s sales stood at 323 billion yen, according to the Nikkei Shimbun business daily.

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  • Destiny Eseaga

    My name is Destiny Eseaga, a communication strategist, journalist, and researcher, deeply intrigued by the political economy of Nigeria and the broader world context. My passion lies in the world of finance, particularly, capital markets, investment banking, market intelligence, etc

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Destiny Eseaga

Destiny Eseaga

My name is Destiny Eseaga, a communication strategist, journalist, and researcher, deeply intrigued by the political economy of Nigeria and the broader world context. My passion lies in the world of finance, particularly, capital markets, investment banking, market intelligence, etc

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