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2021-02-24

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UPDATE 3-Suzuki Motor says 91-year-old chairman to retire

(Recasts, adds comment) By Eimi Yamamitsu TOKYO, Feb 24 (Reuters) - Suzuki Motor Corp's 91-ye

UPDATE 3-Suzuki Motor says 91-year-old chairman to retire

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Suzuki must not fall behind this global trend,\" he said.</p><p>   The announcement by Japan's fourth-biggest automaker comes less than a week after rival Honda Motor    appointed a new CEO, who said he would consider alliances to make bold decisions. </p><p>   Carmakers, particularly smaller players such as Suzuki, are seen at a disadvantage due to the huge cost of developing EVs and technologies such as autonomous driving. Suzuki, alongside other automakers such as Mazda    and Subaru   , has tied up with Toyota    to slash development and manufacturing costs</p><p>   The chairman will be appointed as senior adviser upon retirement, the company said. </p><p> (Reporting by Eimi Yamamitsu; editing by Ritsuko Ando, Jason Neely and Louise Heavens)</p><p>((Ritsuko.Ando@reuters.com; +81 3 6441 1743;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03086":"华夏纳指","TSLA":"特斯拉","AAPL":"苹果","09086":"华夏纳指-U"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2113366645","content_text":"(Recasts, adds comment)   By Eimi Yamamitsu   TOKYO, Feb 24 (Reuters) - Suzuki Motor Corp's    91-year old chairman, Osamu Suzuki, announced he will retire in June, stepping aside for a new leader to navigate the shift to electric cars and fight off competition from tech giants such as Tesla    and Apple   .   The company also announced it will invest one trillion yen, mostly on elecrification technology, over five years.   His retirement leaves his son Toshihiro Suzuki, already president and CEO, holding the reins of the company.    Speaking with reporters on Wednesday, the younger Suzuki said the company needed to respond to a global push towards lower emissions. \"Carbon neutral is the focus now. Suzuki must not fall behind this global trend,\" he said.   The announcement by Japan's fourth-biggest automaker comes less than a week after rival Honda Motor    appointed a new CEO, who said he would consider alliances to make bold decisions.    Carmakers, particularly smaller players such as Suzuki, are seen at a disadvantage due to the huge cost of developing EVs and technologies such as autonomous driving. Suzuki, alongside other automakers such as Mazda    and Subaru   , has tied up with Toyota    to slash development and manufacturing costs   The chairman will be appointed as senior adviser upon retirement, the company said.  (Reporting by Eimi Yamamitsu; editing by Ritsuko Ando, Jason Neely and Louise Heavens)((Ritsuko.Ando@reuters.com; +81 3 6441 1743;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":313,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}