Suzuki Posts Profit Of $139 Million For Six-Month Period

Suzuki Posts Profit Of $139 Million For Six-Month Period

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Japan’s Suzuki Motor Corp. posted a net profit of $139 million for the six-month period ending September 30th, a drop of 63% compared to the same period last year. The company said that relatively robust sales of its cars and motorcycles in Germany, India and the U.K. offset poor sales in North America, Japan and other countries. Suzuki’s fiscal year ends in March of 2010 and the company is forecasting a 12-month profit of about $167 million. American Suzuki Motor Corp., Suzuki’s U.S. subsidiary, has been shedding jobs and reducing expenses in an effort to return to profitability. Sales of the flagship GSX-R line are down more than 60% in the U.S. The double blow of high unemployment and problems getting financing for interested customers have contributed to the drop in U.S. sales.

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