Thursday, May 26, 2022
News Suzuki more profitable than BMW?

Suzuki more profitable than BMW?

We know, it sounds like a complete joke. Even after reading the news online, we still have a hard time believing it. Ernst & Young, one of the largest professional services and accounting firms in the world came up with this result.

Although it’s hard to believe, especially when we all remember what happened to Suzuki in North America a few years ago. The fact of the matter is that BMW remains the most profitable carmaker in the world so far this year but in the last quarter, Suzuki took the lead with an 11.8% profit margin while BMW returned only 11.4%.

Yes, that Suzuki. An Ernst & Young consultant identified #Dieselgate, a brewing trade war between the U.S. and China as two factors of the many factors that influenced these results.

On the world market, Suzuki has outsold the likes of Kia, Renault, Mazda and a number of makes for a number of years. Suzuki’s much bigger than we think.

Trending Now

Chrysler Airflow Concept Patent Filed

The application was originally filed on January 3rd, 2020, and was published on May 3rd 2022. The filing does not necessarily mean that...

The Way in Which Rivian Prioritises Some Orders Leads to Criticism from Reservation Holders

Rivian announced it would prioritise trucks with specific trim options close to a month ago This means that some buyers are receiving their...

EV Battery Prices will Continue to Increase Until 2026

Experts believe the increase in demand will hike the prices of batteries until 2026 The additional factories currently planned will go online towards...

Buick Teased a New EV Concept for China

The American brand has a strong presence in China, which is by far its largest market The Electra-X concept is an upcoming electric...

Hyundai Will Invest Over $10 Billion in the US in the Next Few Years

This is the total amount following previous announcements. Much of the total investment will go to building EVs and battery facilities. The Hyundai Motor...
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.