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Suzuki Motor (OTC:SZKMF) Stock, Option Chain

Suzuki Motor Corp is an automobile manufacturing company. It organizes itself into three segments based on product type namely: automobile, motorcycle, and Marine business. The automotive business, which contributes the vast majority of revenue, largely focuses on passenger vehicles. The motorcycle business manufactures on- and off-road motorcycles and scooters, and contributes the next-largest portion of sales. The Marine business manufactures four-stroke motors for marine use. Nearly half of consolidated revenue is derived from Asian countries excluding Japan, with a third of sales made domestically.

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Tesla And Buffett-Backed BYD Lead EV Revolution, Leaving Japanese Automakers In The Dust: Report

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	Toyota Motor Corporation&#39;s (NYSE: TM) gasoline-electric hybrids, like Toyota Prius, are a more &#34;realistic choice&#34; to reduce climate change hazards for some markets and drivers.


Going All Electric Is Not The Best Choice For The Environment: Toyota

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Toyota Motor Unveils New Tacoma Model, Plans To Rule Mid-Size Pickup Truck Market

Suzuki Motor Corp

U.S.-based Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Chinese EV maker BYD Co Ltd (OTCPK: BYDDY) (OTCPK: BYDDF) are leading the transition to electric vehicles while Japanese automakers lag, as per a recent report by a nonprofit organization. 
What Happened: As per The International Council on Clean Transportation (ICCT)&#8217;s global automaker rating 2022 report published on Wednesday, Tesla and BYD are the leaders of the ZEV transition with Tesla a few steps ahead of its Chinese rival. 
Japanese automakers Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), Honda Motor Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>), Nissan Motor Co Ltd (OTCPK: NSANY), Mazda Motor Corp (OTCPK: MZDAY), Suzuki Motor Corporation (OTCPK: SZKMF) and India-headquartered Tata Motors have been named laggards in the report. 
Other U.S., German, Chinese and Korean automakers including Volkswagen AG (OTCPK: VWAGY), Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), Geely Automobile Holdings Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYF#OTC">GELYF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYY#OTC">GELYY</a>), Hyundai Motor Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) and Kia Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KIMTF#OTC">KIMTF</a>) are, in the meantime, transitioning to EVs, the report added. 
For the report, the organization evaluated 20 manufacturers across the world based on their light-duty sales in 2022, actions and zero-emission vehicle strategies. 
Why It Matters: Tesla <a href="https://www.benzinga.com/news/23/04/31624919/heres-how-many-vehicles-tesla-has-delivered-and-produced-in-each-quarter-since-2019">delivered 422,875 cars</a> in the first quarter while Warren Buffett-backed BYD delivered 552,076 units- 264,647 pure EVs and 283,270 PHEVs.
<a href="https://www.benzinga.com/news/23/05/32524769/japan-is-no-longer-the-worlds-biggest-car-exporter">China also dethroned Japan</a> to become the world&#8217;s largest exporter of cars at the end of the quarter owing to the growing popularity of electric vehicles. While China exported 1.07 million vehicles, Japan exported 954,185 vehicles, followed by Germany. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read More: <a href="https://www.benzinga.com/news/23/06/32663682/tesla-roadster-reservations-are-open-again-how-to-book-yours">Tesla Roadster Reservations Are Open Again: How To Book Yours</a>

<ul>
<li>Toyota Motor Corporation&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) gasoline-electric hybrids, like&nbsp;Toyota Prius, are a more &quot;realistic choice&quot; to reduce climate change hazards for some markets and drivers.</li>
<li>The company warned that focusing just on Battery electric vehicles, or BEVs, as a cleaner car alternative could lead some drivers to hold onto polluting vehicles,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/autos-transportation/not-enough-resources-evs-be-only-cleaner-car-option-toyota-says-2023-05-18/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Reuters&nbsp;</a>reported, citing a statement from Toyota Motor&#39;s top scientist.</li>
<li>The automaker said there are not enough resources for BEVs to be the only cleaner car option globally.</li>
<li>The news came after Toyota Motor launched a prototype mini-commercial electric&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/05/32461581/toyota-suzuki-daihatsu-launch-mini-commercial-electric-vans-in-japan" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">van&nbsp;</a>in partnership with&nbsp;Suzuki Motor Co.(OTC: <a class="ticker" href="https://www.benzinga.com/stock/szkmf#OTC">SZKMF</a>) and Daihatsu Motor Co., Ltd. on May 18.&nbsp;</li>
<li>Gill Pratt, chief executive of the Toyota Research Institute, said that battery materials and renewable charging infrastructure would &quot;eventually be plentiful&quot; to address environmental concerns.&nbsp;</li>
<li>In fact, BEVs will be a crucial solution to environmental issues for countries rich in renewable infrastructure like Norway. But in countries where coal is used to produce power, hybrids were better for CO2 emissions, the report added.</li>
<li>The statements were made a day before a Group of Seven leaders summit in the Japanese city, Reuters said.</li>
<li>Price Action:&nbsp;TM stock is down 3.4% at $142.02 premarket on the last check Friday.</li>
</ul>

<ul>
<li>Toyota Motor Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) announced a fourth-generation model of its bestselling&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/05/n32478758/2024-toyota-tacoma-is-the-ultimate-adventure-machine" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Tacoma truck, which will be available in early 2024</a>.</li>
<li>The company aims to maintain its leadership position in the mid-size pickup truck market, with Tacoma ruling it for over two decades.</li>
<li>The new Tacoma has new interior and exterior designs, with two turbocharged engine options and includes an &ldquo;i-FORCE MAX&rdquo; hybrid model.</li>
<li>Toyota will also introduce an all-new Trailhunter grade for overlanding enthusiasts, which will be available for sale later this year.</li>
<li>Since 2019, Toyota has held around 40% of the American mid-size pickup truck segment, per&nbsp;<a class="editor-rtfLink" href="https://www.cnbc.com/2023/05/19/toyota-tacoma-pickup-redesign.html" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CNBC</a>.</li>
<li>&ldquo;With even more off-road capability and the quality, durability, and reliability that our customers expect along with a host of options for every owner, we&rsquo;re confident that Tacoma will remain the top choice for mid-size pickup buyers when it arrives later this year,&rdquo; said Dave Christ, vice president and general manager.&nbsp;</li>
<li>Yesterday, Toyota launched a prototype mini-commercial electric van in partnership with&nbsp;Suzuki Motor Corporation&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/szkmf#OTC">SZKMF</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/05/32461581/toyota-suzuki-daihatsu-launch-mini-commercial-electric-vans-in-japan" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">and Daihatsu Motor Co., Ltd</a>.</li>
<li>Price Action: TM shares are trading lower by 0.34% at $142.02 premarket on the last check Friday.</li>
<li>Photo via Company</li>
</ul>

Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/05/32459037/desantis-vs-trump-official-florida-governor-reportedly-plans-to-declare-2024-bid-next-week" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">DeSantis Vs. Trump Official? Florida Governor Reportedly Plans To Declare 2024 Bid Next Week</a>
<ul>
<li>Florida Governor&nbsp;Ron DeSantis&nbsp;is reportedly preparing to announce his candidacy for the 2024 U.S. presidential elections.</li>
<li>Sources familiar with the matter have revealed that DeSantis plans to formally announce his Republican nomination bid next week.</li>
<li>He intends to submit the required documents to the&nbsp;Federal Election Commission, officially declaring his presidential candidacy around the same time as a gathering in Miami, where his long-standing and generous donors will be present.&nbsp;&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/05/32462718/why-walmart-shares-are-surging-thursday-morning" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Why Walmart Shares Are Surging Thursday Morning</a>
<ul>
<li>Walmart Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>) reported first-quarter FY24 sales growth of 7.6% year-on-year to $152.30 billion, beating the analyst consensus estimate of $148.65 billion.</li>
<li>Net sales from Walmart U.S. increased 7.2% Y/Y, Walmart International rose 12%, and Sam&rsquo;s Club jumped 4.5%.</li>
<li>Excluding fuel, Walmart&rsquo;s U.S. Q1 comp sales grew 7.4%. eCommerce growth was 27%.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/05/32462801/why-alibaba-shares-are-gaining-today" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Why Alibaba Shares Are Gaining Today</a>
<ul>
<li>Alibaba Group Holding Limited&nbsp;(NYSE:&nbsp;BABA) reported fourth-quarter FY22 revenue growth of 2% year-on-year to $30.32 billion, beating the consensus of $30.24 billion.&nbsp;</li>
<li>Non-GAAP earnings per ADS of $1.56 beat the consensus of $1.35.&nbsp;</li>
<li>The board has approved a complete spinoff of the Cloud Intelligence Group via a stock dividend distribution to shareholders to become an independent publicly listed company.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/05/32463998/grounded-packages-fedex-pilots-flex-their-bargaining-muscles-with-strike-vote" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Grounded Packages? FedEx Pilots Flex Their Bargaining Muscles with Strike Vote</a>
<ul>
<li>FedEx Corporation&rsquo;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fdx#NYSE">FDX</a>) Express unit pilots, represented by the Air Line Pilots Association, Int&rsquo;l (ALPA), have voted overwhelmingly in support of a strike if necessary.</li>
<li>After two years of negotiations, FedEx pilots pledge to walk if talks fail.</li>
<li>With aviators in short supply and air travel demand booming, pilots are enjoying enhanced bargaining power, encouraging them to push for better contracts with airlines and parcel firms.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/05/32459199/amazons-aws-sets-12-7b-course-for-indias-booming-cloud-requirements" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Amazon&rsquo;s AWS Sets $12.7B Course For India&rsquo;s Booming Cloud Requirements</a>
<ul>
<li>In an ambitious move,&nbsp;Amazon&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) announced its plans to pour $12.7 billion to bolster its cloud infrastructure in India by 2030. This comes as the e-commerce behemoth redoubles efforts to expand its&nbsp;Amazon Web Services&nbsp;(AWS) in a critical foreign market, despite recent cutbacks in other areas of the region.</li>
<li>According to a TechCrunch report, the investment marks a significant increase from the company&rsquo;s pledge last year to invest $4.4 billion (₹36,178.24 crores) in Indian AWS by 2030, underlining Amazon&rsquo;s intensified commitment.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/05/32459986/whats-going-on-with-micron-technology-stock-thursday" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">What&rsquo;s Going On With Micron Technology Stock Thursday</a>
<ul>
<li>Micron Technology Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mu#NASDAQ">MU</a>) shares are trading higher on Thursday following reports of the Japanese government&rsquo;s incentives towards ramping up DRAM chip production in the country.</li>
<li>The Japanese government will likely dole out close to $1.51 billion (200 billion yen) in financial incentives to help Micron make next-generation memory chips in the country.</li>
<li>The company will be the first semiconductor business to introduce EUV technology to Japan for production, with its Hiroshima fab playing a critical role in developing the 1-gamma node.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/05/32463487/grab-stock-is-trading-lower-after-q1-heres-the-details" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Grab Stock Is Trading Lower After Q1: Here&rsquo;s The Details</a>
<ul>
<li>Grab Holdings Limited&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/grab#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GRAB</a>) reported first-quarter FY23 revenue growth of 130% year-on-year (139% Y/Y on a constant currency basis) to $525 million, beating the consensus of $490.1 million. EPS loss of $(0.06) is in line with the consensus.</li>
<li>Grab reiterates FY23 revenue of $2.20 billion - $2.30 billion, up by 54% - 60% Y/Y vs. consensus $2.24 billion, and adjusted EBITDA breakeven n Q4 2023.</li>
</ul>
&nbsp;
Wall Street Journal
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/05/32458956/deutsche-bank-to-reportedly-pay-75m-to-settle-jeffrey-epstein-accusers-suit-groundbreaking-say-plain" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Deutsche Bank To Reportedly Pay $75M To Settle Jeffrey Epstein Accusers&rsquo; Suit: &lsquo;Groundbreaking,&rsquo; Say Plaintiffs&rsquo; Lawyers</a>
<ul>
<li>Deutsche Bank&nbsp;AG&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/db#NYSE">DB</a>) has agreed to pay $75 million to settle a proposed class-action lawsuit that accused the financial institution of facilitating&nbsp;Jeffrey Epstein&rsquo;s&nbsp;sex-trafficking ring.</li>
<li>Lawyers who sued the bank on behalf of alleged victims announced the settlement.</li>
<li>Last year, an anonymous woman referred to as&nbsp;Jane Doe&nbsp;filed a suit in New York, alleging that Deutsche Bank conducted business with Epstein for five years while being aware of his use of funds to support his sex-trafficking activities.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/05/32462847/buyout-firms-team-up-in-5b-plus-bid-to-buy-new-relic-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Buyout Firms Team Up In $5B-Plus Bid To Buy New Relic</a>
<ul>
<li>Private equity companies&nbsp;Francisco Partners&nbsp;and&nbsp;TPG&nbsp;Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tpg#NASDAQ">TPG</a>) are reportedly interested in acquiring&nbsp;New Relic&nbsp;Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/newr#NYSE">NEWR</a>).</li>
<li>Francisco Partners and TPG are working together on a $5 billion-plus bid to acquire software company New Relic.</li>
<li>According to the report, an agreement might be reached within two weeks.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/05/32464427/feeding-the-need-for-speed-at-ts-grand-42-5b-plan-to-expand-fiber-optic-reach" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Feeding the Need for Speed: AT&amp;T&rsquo;s Grand $42.5B Plan to Expand Fiber-Optic Reach</a>
<ul>
<li>AT&amp;T Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>) is expanding its fiber-optic cable network to deliver fast internet speeds for customers, including those without broadband presence.</li>
<li>AT&amp;T has tapped&nbsp;BlackRoc Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/blk#NYSE">BLK</a>) and eyes government funding to accelerate the build-out to fund the extravagant expansion worth $42.5 billion as its debt load outstrips its annual revenue.</li>
<li>AT&amp;T and BlackRock have invested $1.5 billion in the Gigapower venture.</li>
</ul>
&nbsp;
Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/05/32463005/walgreens-settles-opioid-epidemic-lawsuit-with-san-francisco-for-230m-says-it-does-not-admit-fault" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Walgreens Settles Opioid Epidemic Lawsuit with San Francisco for $230M, Says It Does Not Admit Fault</a>
<ul>
<li>Walgreens Boots Alliance Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wba#NASDAQ">WBA</a>) reached a $230 million settlement with San Francisco to settle claims regarding its role in the city&rsquo;s opioid epidemic.</li>
<li>Last year, U.S. District Judge Charles Breyer in San Francisco said that Walgreens Boots could be held liable for &ldquo;substantially contributing&rdquo; to an opio&rdquo; d epidemic and faulted Walgreens for its &ldquo;15-year failure&rdquo; to properly scrutinize opioid prescriptions and flag possible misuse of the drugs.</li>
<li>San Francisco had estimated it might cost $8.1 billion to abate the opioid crisis and that Walgreens was legally liable for the entire amount.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/05/32461673/eu-pulls-out-the-big-guns-record-privacy-fine-on-the-horizon-for-meta" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">EU Pulls out the Big Guns: Record Privacy Fine on the Horizon for Meta</a>
<ul>
<li>Meta Platforms&nbsp;will likely face a record European Union privacy fine related to data transfer of Facebook&rsquo;s EU users to U.S. servers for failing to comply with a warning by a top EU court.</li>
<li>The EU court warns that violation will entail a higher penalty than the previous record &euro;746 million ($821.20 million) fine for&nbsp;Amazon.com Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>).</li>
<li>Europe&rsquo;s highest court ruled in 2020 that an EU-U.S. data transfer agreement was invalid, citing surveillance concerns.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/05/32461581/toyota-suzuki-daihatsu-launch-mini-commercial-electric-vans-in-japan" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Toyota, Suzuki, Daihatsu Launch Mini-Commercial Electric Vans In Japan</a>
<ul>
<li>Toyota Motor Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) is launching a prototype mini-commercial electric van in partnership with&nbsp;Suzuki Motor Corporation&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/szkmf#OTC">SZKMF</a>) and Daihatsu Motor Co., Ltd.</li>
<li>The Japan Automobile Manufacturers Association (JAMA) and the G7 Hiroshima Summit organized the exhibition event.</li>
<li>The van is targeted at Japan&rsquo;s delivery industry.</li>
<li>The small-size cars will use the BEV, or Batter Electric Vehicle system, powered by Toyota Motor&rsquo;s electrification technology.</li>
</ul>
&nbsp;
Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/05/32459765/sony-shares-are-surging-premarket-company-eyes-sony-financial-arm-ipo" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Sony Shares Are Surging Premarket: Company Eyes Sony Financial Arm IPO</a>
<ul>
<li>Sony Group Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sony#NYSE">SONY</a>) is exploring a partial spinoff and separate listing for its financial unit in two to three years.</li>
<li>Sony looks to retain just under 20% of&nbsp;Sony Financial Group Inc&nbsp;and sell its shares on a Japanese exchange.</li>
<li>The potential spinoff would reverse a $3.7 billion take-private deal concluded in 2020 over FY23.&nbsp;</li>
<li>The spinoff will help the firm to bag more considerable investment for Sony&rsquo;s image sensor and entertainment businesses, COO Hiroki Totoki said at the briefing.</li>
</ul>
Photo via Wikimedia Commons

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Florida Governor DeSantis Plans To Declare 2024 Bid Next Week, Walmart & Alibaba Quarterly Earnings, Deutsche Bank To Pay $75M To Settle Jeffrey Epstein Accusers' Suit: Today's Top Stories

<ul>
<li>Toyota Motor Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) is launching a prototype mini-commercial electric&nbsp;<a class="editor-rtfLink" href="https://global.toyota/en/newsroom/corporate/39201729.html" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">van</a>&nbsp;in partnership with&nbsp;Suzuki Motor Corporation&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/szkmf#OTC">SZKMF</a>) and Daihatsu Motor Co., Ltd.</li>
<li>The exhibition event was organized by the Japan Automobile Manufacturers Association (JAMA) along with the G7 Hiroshima Summit.</li>
<li>The van is targeted at Japan&#39;s delivery industry,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/autos-transportation/toyota-partners-start-selling-electric-micro-vans-by-march-2024-2023-05-18/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Reuters&nbsp;</a>reported.</li>
<li>The small-size cars will use the BEV, or Batter Electric Vehicle system, powered by Toyota Motor&#39;s electrification technology.</li>
<li>Daihatsu will produce the vehicles, and Suzuki, Daihatsu, and Toyota will each release their version within fiscal 2023.</li>
<li>The vehicle will have a range of about 200 km per charge.</li>
<li>In a separate&nbsp;<a class="editor-rtfLink" href="https://global.toyota/en/newsroom/corporate/39205159.html" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">statement</a>, Toyota Motor said it is launching a joint project to develop an Autonomous Light Vehicle that will run on Komatsu&#39;s Autonomous Haulage System.</li>
<li>Price Action:&nbsp;TM stock is trading lower by 0.08% to $141.90 premarket on the last check Thursday.</li>
<li>Photo Via Company</li>
</ul>

Toyota, Suzuki, Daihatsu Launch Mini-Commercial Electric Vans In Japan

<ul>
<li>Suzuki Motor Corp&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/szkmf#OTC">SZKMF</a>) India unit,&nbsp;Maruti Suzuki India Ltd,&nbsp;is planning to launch its first electric car in 2025.</li>
<li>The&nbsp;mid-sized electric sports utility vehicle, named, eVX (Emotional Versatile Cruiser) will be produced in the state of Gujarat,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2023-01-11/maruti-suzuki-goes-bigger-with-first-electric-suv-to-debut-2025?sref=TBDibEcD" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Bloomberg</a>&nbsp;reported.</li>
<li>The move is considered India&rsquo;s biggest automaker&rsquo;s attempt to recover the ceded ground to rival South Korea&rsquo;s&nbsp;Hyundai Motor Co.&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hymtf#OTC">HYMTF</a>).</li>
<li>&ldquo;Given the power supply situation, electric vehicles alone can&rsquo;t be the solution in India,&rdquo; the report cited Suzuki Motor President Toshihiro Suzuki.</li>
<li>The company has lagged behind local brands, including Tata Motors Ltd and Mahindra &amp; Mahindra Ltd, in launching electic vehicles.</li>
<li>Price Action:&nbsp;HYMTF shares closed at $31.55 on Tuesday.</li>
</ul>

Maruti Suzuki India Plans First EV Launch In 2025: Report

Indonesian President Joko Widodo wants Tesla Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) to manufacture cars in the country and not just batteries, according to <a href="https://www.bloomberg.com/news/articles/2022-08-18/tesla-must-make-cars-locally-not-just-batteries-jokowi-says">Bloomberg News</a>. Widodo reportedly said the nation is willing to take the time required to convince Elon Musk to see Indonesia as more than just a rich hub of resources.
Also Read: <a href="https://www.benzinga.com/markets/asia/22/08/28561297/alibaba-shares-steady-baidu-loses-over-1-hang-seng-index-opens-in-the-green-after-muted-session-on-w">Alibaba, Other Hong Kong Stocks Show Optimism In Early Trade Even As Analysts Downgrade China Growth Projections</a>
&ldquo;What we want is the electric car, not the battery. For Tesla, we want them to build electric cars in Indonesia. We want a huge ecosystem of electric cars,&rdquo; President Widodo told Bloomberg News.
When asked about what is holding back a deal with Tesla, President Jokowi, as he is better known, said it&rsquo;s still a discussion and everthing needs time. &ldquo;I don&rsquo;t want to be quick with no result. It needs intense communication and the result will show,&rdquo; Widodo told Bloomberg News.
President Widodo said he had similar expectations from Ford Motor Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>), Hyundai Motor Co. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hymtf#OTC">HYMTF</a>), Toyota Motor Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) and Suzuki Motor Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/szkmf#OTC">SZKMF</a>), which&nbsp;showed his intent to get investments and make sure Indonesia was not just seen as a raw material supplier or a component maker in the global electric-vehicle supply chain, the report said.

Asia

Indonesian President Says Committed To Convincing Elon Musk To Make Tesla EVs In The Country — Not Just Batteries

<ul>
<li>Suzuki Motor Corp&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/szkmy#OTC">SZKMY</a>) cautioned regarding the continued tight supply of semiconductors and batteries from automakers&rsquo; shift toward electric vehicles (EVs),&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2021-06-25/suzuki-motor-warns-chips-battery-supply-will-remain-tight?srnd=technology-vp&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.</li>
<li>Therefore, the automaker planned to raise its stockpiles to counter the crisis.</li>
<li>Due to a range of factors, including the pandemic, Japan factory fire, and the U.S.&rsquo;s frosty weather, the global chip crisis&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/21/05/21236850/semiconductor-crisis-compel-nissan-suzuki-mitsubishi-to-cut-june-production-reuters?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+benzinga+%28Benzinga+News+Feed%29" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">hampered the production</a>&nbsp;of everything from cars to game consoles forcing governments to bolster domestic supply.</li>
<li>Import reliant Japan plans to devote trillions of yen to revive its semiconductor manufacturing industry. The shift to electric and autonomous vehicles signifies higher domestic demand for high-tech semiconductors. Meanwhile, Suzuki will reconsider how it builds cars and review how it interacts with customers on procurement and supply.</li>
<li>In April, Suzuki further lowered its monthly domestic auto production plan to 71,000 units, foregoing an additional 10,000 units due to the chip crisis. The Jan. target was 89,000 units.</li>
<li>Suzuki works to make as many cars as possible by replacing some auto parts, adjusting model production, and exploring possible procurement routes.</li>
<li>Suzuki&rsquo;s July output forecast recovered to 80% of its original plan, compared with 70% in June. Suzuki did not publicly disclose the FY21 production forecast.</li>
<li>The Hungary factory&rsquo;s output for the June quarter will be 80% of the original plan, mainly due to the March&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/21/03/20316427/container-ship-runs-aground-in-suez-canal-blocking-waterway-traffic" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Suez Canal blockage</a>.</li>
<li>Price action:&nbsp;SZKMY shares are trading higher by 0.14% at $171.02 on the last check Friday.</li>
</ul>

SZKMY

Suzuki Motor Warns Against Continued Semiconductor, Battery Crisis: Bloomberg

Bayerische Moto/S ADR (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bmwyy#OTC">BMWYY</a>) CEO Harald Kr&uuml;ger&rsquo;s announcement <a href="https://www.thestar.com/news/world/europe/2019/07/05/bmw-ceo-to-step-down-after-disappointing-business-results.html">last week</a> that he will step down as head of luxury carmaker BMW is the latest in a string of auto company CEO turnovers &mdash; the fourth this year.
The departures remove decades of experience in the top posts at the world&rsquo;s top automakers and have left a new dean of car company CEOs. And it&#39;s one you might not expect.
That&rsquo;s because the new longest-serving car company CEO heads up the newest car company: Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>).
<a href="https://www.benzinga.com/topic/elon-musk">Elon Musk</a> took over as CEO of the electric automaker in 2008.
<h3>A Disruptor Settles In</h3>
Musk became the longest-serving major automaker CEO in May, when Dieter Zetsche, until then the longest-tenured CEO of a major automaker, <a href="http://www.chinadaily.com.cn/a/201905/23/WS5ce60672a3104842260bd548.html">retired as head </a>of Daimler AG/ADR (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dmlry#OTC">DMLRY</a>) after having headed the Mercedes maker since 2006. Zetsche was replaced at Daimler by Ola Kallenius.
That Musk is now the most veteran carmaker CEO is ironic in some ways.
When BMW&rsquo;s Kr&uuml;ger announced he was stepping down, <a href="https://cleantechnica.com/2019/07/07/tesla-disrupts-bmw-boss-throws-in-the-towel/">some media reports </a>cited competition from the &ldquo;upstart&rdquo; Tesla and the disruption the electric car maker has injected into the luxury car market as a factor in BMW&rsquo;s difficulties and Kr&uuml;ger&rsquo;s decision.
The industry has seen two other changes in the C-suite this year, one due to retirement and one forced by a major scandal.
Last month, Mistusbishi Corp/S ADR (OTC: <a class="ticker" href="https://www.benzinga.com/stock/msbhy#OTC">MSBHY</a>) CEO Osamu Masuko, who has headed the company for five years, <a href="https://europe.autonews.com/automakers/masuko-step-down-mitsubishi-motors-ceo-kato-succeed-him">stepped down </a>and was replaced by the industry&rsquo;s newest CEO Takao Kato.
In January, Renault SA/ADR (OTC: <a class="ticker" href="https://www.benzinga.com/stock/rnlsy#OTC">RNLSY</a>) CEO <a href="https://www.benzinga.com/topic/carlos-ghosn">Carlos Ghosn</a>&nbsp;resigned after <a href="https://www.benzinga.com/news/18/11/12722625/renault-nissan-mitsubishi-chairman-arrested-on-trading-violations">his arrest</a> in connection with a financial scandal. That led to the hiring of Thierry Bollor&eacute; to run the iconic French car company.
The group&rsquo;s only woman, Mary Barra, has been CEO at General Motors Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) since 2014.
Korean auto giant Hyundai Mtr Co/GDR (OTC: <a class="ticker" href="https://www.benzinga.com/stock/hymtf#OTC">HYMTF</a>) has a more complicated leadership structure, but also saw turnover this year. Chung Eui-son <a href="http://www.koreaherald.com/view.php?ud=20190227000699">became a co-CEO this year</a> with Lee Won-hee, who also got&nbsp;his job this year. They share CEO duties with Chung&#39;s father, company&#39;s chairman&nbsp;Chung Mong-koo, and vice president Ha Eon-tae.
<h3>The Execs</h3>
The following is a list of auto company CEOs and the years when they took their posts:
<ul>
<li>Tesla: Elon Musk, in 2008.</li>
<li>Toyota Motor Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>): Akio Toyoda, 2009.</li>
<li>General Motors: Mary&nbsp;Barra, 2014.</li>
<li>Peugeot SA/ADR (OTC: <a class="ticker" href="https://www.benzinga.com/stock/pugoy#OTC">PUGOY</a>): Carlos Tavares, 2014.</li>
<li>Honda Motor Co Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>): Takahiro Hachigo, 2015.</li>
<li>BMW: Harald Kr&uuml;ger, 2015; he&#39;s set to step down once a decision is made on a successor.&nbsp;</li>
<li>Nissan Motor Co Ltd: (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsany#OTC">NSANY</a>): Hiroto Saikawa, 2017.</li>
<li>Ford Motor Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>): Jim Hackett, 2017.</li>
<li>Mazda Mtr Corp/ADR (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mzday#OTC">MZDAY</a>): Akira Marumoto, 2018.</li>
<li>Volkswagen AG/ADR (OTC: <a class="ticker" href="https://www.benzinga.com/stock/vwapy#OTC">VWAPY</a>): Herbert Diess, 2018.</li>
<li>Fiat Chrysler Automobiles NV (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fcau#NYSE">FCAU</a>): Michael Manley, 2018.</li>
<li>Suzuki Motor Corp (OTC: <a class="ticker" href="https://www.benzinga.com/stock/szkmf#OTC">SZKMF</a>): Toshihiro Suzuki, 2018.</li>
<li>Daimler AG: Ola Kaellenius, 2019.</li>
<li>Renault: Thierry Bollor&eacute;, 2019.</li>
<li>Mitsubishi: Takao Kato, 2019.</li>
</ul>
Related Links:
<a href="https://www.benzinga.com/news/19/04/13492740/judge-dismisses-elon-musk-contempt-claims-orders-revision-of-settlement-addressing-sec-concerns">Judge Dismisses Elon Musk Contempt Claims, Orders Revision Of Settlement Addressing SEC Concerns</a>
<a href="https://www.benzinga.com/news/18/11/12722625/renault-nissan-mitsubishi-chairman-arrested-on-trading-violations">Renault-Nissan-Mitsubishi Chairman Arrested On Trading Violations</a>
Photo by <a href="https://en.wikipedia.org/wiki/File:Elon_Musk_at_TED_2017.jpeg">Steve Jurvetson/Wikimedia.&nbsp;</a>

Movers & Shakers

Management

BMWYY

DMLRY

FCAU

MSBHY

PUGOY

RNLSY

VWAPY

Industry Shift: With Four Departures This Year, Who Is The Longest-Tenured Automotive CEO?

U.S. auto makers Ford Motor Company (NYSE: <a class="ticker" href="/stock/f#NYSE">F</a>) and General Motors Company (NYSE: <a class="ticker" href="/stock/gm#NYSE">GM</a>) both have a checkered past when it comes to their businesses. Both companies took loans from the government during the Financial Crisis, and they&rsquo;ve both had ugly recalls related to vehicle safety. Ford recalled millions of tires in the early 90&rsquo;s due to up to 100 deaths related to blowouts in Ford Explorers.
GM took even more heat for knowing about a faulty ignition switch as early as 2004, but deciding that it would be too costly to fix for years. The switch subsequently contributed to the deaths of at least 90 drivers.
Over the last year, however, international auto makers have seemingly been playing catch-up to their American peers on the scandal front.
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/analyst-ratings/analyst-color/16/05/8002327/3-best-ways-to-invest-in-driverless-car-technology-today#ixzz497OCu8Pq">3 Best Ways To Invest In Driverless Car Technology Today</a></bzrelatedlink>
A look at the <a href="http://www.zeebiz.com/automobile/news-from-vw-to-mitsubishi-nissan-suzuki-a-timeline-of-scandals-that-rocked-the-automobile-world-1343">ZeeBiz graphic</a> below shows the mess that Nissan Motor Co Ltd (ADR) (OTC: <a class="ticker" href="/stock/nsany#OTC">NSANY</a>), Volkswagen AG (ADR) (OTC: <a class="ticker" href="/stock/vlkay#OTC">VLKAY</a>), SUZUKI MOTOR CORP NPV (OTC: <a class="ticker" href="/stock/szkmf#OTC">SZKMF</a>) and MITSUBISHI MOTOR C NPV (OTCMKTS: MMTOF) have gotten themselves into in recent months by cheating on emissions tests.
<img alt="" src="/files/u81483/auto_scandal.jpg" style="width: 480px; height: 384px;" />
It all started back in September when Volkswagen admitted to cheating on emissions tests of 11 million cars. Then, last month Mitsubishi admitted that it had been cheating on fuel efficiency tests for 25 years. So far this month, South Korea has accused Nissan of cheating on fuel tests, and Suzuki has admitted to using improper fuel tests on 2.1 million vehicles.
Disclosure: The author holds no position in the stocks mentioned.

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