Suzuki Motor Corp. says it has no choice but to “cease” its Brazilian operations due to a drop in local currency, lackluster sales and heavy competition. “We struggled with the decision to cease our Brazilian operations, but the strong devaluation of the real produced an unsustainable increase in costs,” Toshio Ozawa, president of Suzuki’s Brazilian unit, tells Dow Jones Newswires. Suzuki do Brasil Automotores Ltda. began production in the country 12 years ago and it accounts for less ...
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