Suzuki Posts 46% Drop In First-quarter Profit On Slowing India Demand

Suzuki posts 46% drop in first-quarter profit on slowing India demand

TOKYO — Suzuki on Monday reported a 46.2% fall in first-quarter operating profit, hurt by lower output at home as it improves its inspection systems, and falling demand in India, its biggest market. Japan's fourth-largest automaker posted an operating profit of 62.7 billion yen (£487 million) for the April-June quarter, down from 116.5 billion yen a year earlier and below a mean forecast of 69.09 billion from eight analysts, according to Refinitiv. Suzuki reaffirmed its forecast for full-year operating profit to come in at 330 billion yen, up 1.7% from the year ended March 2019. Suzuki, known for its Swift and Baleno compact models, is bracing for subdued growth this year in India, where roughly one in two cars sold carries its brand. The company stuck to a forecast for vehicle sales to increase slightly on the year, but conceded that it may need to trim its forecasts in the coming months as slowing economic growth and stricter emissions standards could dent sales. Slowing profit growth could hamper its ability to invest in and develop lower-emissions vehicles and on-demand transportation services necessary to survive the technological upheaval currently underway in the global auto industry. The automaker has long acknowledged that it cannot shoulder the costs of developing electric vehicles and self-driving cars on its own, and has turned to Toyota to supply Suzuki vehicles with its gasoline hybrid systems.

2020 Nissan Juke: New Camo Drop Gives Us Our Best Look Yet

2020 Nissan Juke: New Camo Drop Gives Us Our Best Look Yet

Nissan has dropped the car cover-like camouflage from the all-new Juke and switched to neatly-applied foil to give us the most revealing photos yet of the second-generation B-segment crossover. The 2020 Juke was spotted in southern Europe where it undergoes hot weather testing. (Updated 3/26/2019)

One Ok Rock's New Album To Drop In February

ONE OK ROCK's new album to drop in February

ONE OK ROCK's new album "Eye of the Storm" will drop on February 13, 2019. 

The album will be comprised of a total of 13 tracks including "Change," which was the CM song for ONE OK ROCK×HondaJet, and "In the Stars" featuring Kiiara. The Limited Edition will come with a DVD containing acoustic sessions in the studio. 

Bump Of Chicken Drop Pvs For 'sirius' And 'bouen No March'

BUMP OF CHICKEN drop PVs for 'Sirius' and 'Bouen no March'

BUMP OF CHICKEN have dropped the PVs for their songs "Sirius" and "Bouen no March." 

"Sirius" was released as a digital single on September 24, and it was used as the opening theme for TV anime 'Juushinki Pandora' since April. The PV was shot at a drone racetrack, and it shows the four members performing on a stage of CG projection. 

Momoiro Clover Z Drop Pv For 're:story'

Momoiro Clover Z drop PV for 'Re:Story'

Momoiro Clover Z have dropped the PV for their new song "Re:Story."

"Re:Story" is the first single that the group released from their 5-month consecutive digital release project. Directed by Yamagishi Santa, the PV follows the journey of four young boys who are featured on the single's jacket cover. The boys end up at ZOZO Marine Stadium, which is the venue for 'MomocloMania2018 -Road to 2020-.'

Yuki's New Single To Drop In September

YUKI's new single to drop in September

YUKI's new single "Traumerei" will drop in stores on September 19. 

The title track is the theme song to Arimura Kasumi's starring film 'Coffee ga Samenai Uchi ni.' It was both written and produced by YUKI after she read the novel that the movie is based on. You can listen to a clip of "Traumerei" in the trailer for the movie below. 

Radwimps Drop Full Pv For 'catharsis'

RADWIMPS drop full PV for 'Catharsis'

RADWIMPS have dropped the full PV for their new song "Catharsis."

"Catharsis" is the title track to the band's new single released on June 6. It was written as the theme song for Fuji TV's soccer broadcast. Directed by Kakimoto Kensaku, the PV features appearances by various young artists and is set in a city of the unexplored future.

Akanishi Jin To Drop A Rearrange Album

Akanishi Jin to drop a rearrange album

Akanishi Jin will drop a rearranged album (currently untitled) in August.

The forthcoming album will feature new arrangements of existing songs as well as brand new songs. There will also be a limited edition package including footage from his 'Blessed' tour held on March 30 at Makuhari Event Hall.

Radwimps To Drop New Single In June

RADWIMPS to drop new single in June

RADWIMPS' new single (currently untitled) will drop on June 6.

The single will be available for purchase in a Complete Production Edition and a Regular Edition. The Complete Production Edition will come with an original bandanna. More details regarding the single will be revealed at a later date. 

Mazda North American Sales See A Small Drop In 2017

Mazda North American Sales See a Small Drop in 2017

Mazda North American Operations has announced its sales figures for 2017, totaling 289,470 units.

That marks a 2.8 percent decrease compared to 2016, although there were 306 selling days this year compared to 305 last year. Taking that into consideration, the full-year Daily Selling Rate (DSR) saw a 3.1-percent drop. But the total sales figure includes fleet and retail and Mazda has continued to significantly reduce fleet sales as part of its brand value management strategy. This year, the Japanese automaker sold 11,346 fleet vehicles, marking a significant decrease of 44.3 percent year-over-year. Removing fleet sales from the equation and looking at strictly retail sales, Mazda North America actually posts a 0.2-percent increase with 278,124 vehicles sold.