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Suzuki losses continue in Europe
- Japan: Monday, February 04 - 2013 at 05:19
Japanese carmaker Suzuki has said its European operations has been posting losses for the past four years and that it is unclear when it will start posting profits, Reuters has reported. "2008 was the last time we were profitable - we haven't been in the black ever since. If that continues for much longer, then I am in serious difficulties," said Suzuki Europe chief Takanori Suzuki. The head of the Japanese carmaker, which is in arbitration proceedings with erstwhile partner Volkswagen , aims by 2016 to lift sales in Europe back up to 300,000 vehicles.
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