Word: suzukis
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...Caught in the government policy switchback are three of the biggest names in the business: Honda, Yamaha and Suzuki. The quotas, announced in September, will cost the Japanese manufacturers an estimated $267 million in lost revenue this year. Honda and Yamaha each has had to shut down its Vietnam factory until the end of the year, and Suzuki says it will also run out of parts any day. Japanese executives are fuming, hinting the abrupt policy shift could hurt Vietnam's bid to join the World Trade Organization. After a delegation from the big three bikemakers were snubbed earlier this...
...doing so indirectly, by limiting the flow of parts that go into bikes. In September, the government announced it was slashing the number of "assembly kits" manufacturers are allowed to import this year from 2.5 million down to 1.5 million?effectively cutting the motorcycle output of Honda, Yamaha and Suzuki by some 40% at a time when they are already feeling pressure from cheaper Chinese-made bikes...
...have always been required to use some Vietnamese-made parts during assembly, under deals made with the government allowing them to set up factories in Vietnam. But there's been a running spat over whether Japan is living up to those contracts. Hanoi in July accused Honda, Yamaha and Suzuki of falsifying records to make it look like they are buying more local parts than they actually were. "These companies use the fact that they are big investors to strong-arm our government," complains Nguyen Van Khoa, president of the Vietnam Association of Motorcycles...
This year’s Ig Nobel Peace Prize went to Keita Sato, Matsumi Suzuki and Norio Kogure, who jointly designed and marketed a dog-to-human translation device...
...their parties gate-crashed by irate hecklers. But in South Korea, the incident was just one of many nose thumbings and eye gougings GM has endured on its way to acquiring South Korea's third largest automaker. After nearly three years of courting Daewoo, GM and its partners?including Suzuki Motor Corp. of Japan?agreed to pay $400 million in cash for a majority stake in the broken-down carmaker. GM's gamble is that it can radically rebuild the busted company, transforming it into a low-cost producer of cheap cars not just for Korea but for export...