Streetbeat News

SZKMY

Suzuki Motor Corp.

http://www.suzuki.co.jp/

Open

42.75

Mkt cap

21B

Volume

636

High

43.21

P/E Ratio

8.96

52-wk high

50.32

Low

42.75

Div yield

N/A

52-wk low

34.20

Toyota, Mazda, Honda, and Suzuki face significant stock price drops due to a safety test falsification scandal. Toyota's market value plunged by over $15 billion, and Mazda lost $511.8 million. The scandal has led to temporary halts in shipments and sales of certain models. Additionally, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group plan to divest $8.5 billion worth of Toyota shares.

Portfolio Pulse from Benzinga Neuro

June 10, 2024 | 5:38 am

Japanese transportation ministry officials are investigating Toyota Motor Corporation (NYSE:TM) and other automakers over certification irregularities. Toyota has halted shipments and sales of three models in Japan. The scandal involves inaccurate or altered data in vehicle certification processes, affecting multiple companies.

Portfolio Pulse from Lekha Gupta

June 04, 2024 | 10:31 am

Hyundai Motor Company (OTC:HYMTF) and Kia Corporation are enhancing their competitiveness in India by signing a memorandum of understanding with Exide Energy Solutions Ltd for localizing EV battery production. This move aligns with Tesla Inc's (NASDAQ:TSLA) interest in India for EV production due to lower labor costs. Hyundai plans to invest $2.40 billion in India, launching six EVs by 2028, while Kia will introduce three EVs, including the made-in-India Carens EV. Hyundai Motor America reported record sales, with a significant increase in EV sales. Hyundai's collaboration with Worksport Ltd (NASDAQ:WKSP) for solar-powered tonneau covers and portable battery systems indicates a commitment to R&D and eco-friendly innovations. The strategic focus on India's booming EV market, where sales are expected to rise by 66% this year, positions Hyundai, Kia, and Exide to capitalize on this growth.

Portfolio Pulse from Upwallstreet

April 08, 2024 | 1:02 pm

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