Suzuki's 4th-quarter profit falls 81% after earthquake

In the fourth quarter, Suzuki Motor Corp. posted an 81% drop in profit as the auto industry continues to recover from the effects of Japan's earthquake. For the three months ended March 31, Suzuki’s net income was 2.57 billion yen ($31.8 million), down from 13.42 billion yen the previous year. Sales for the quarter dropped by 1.3% to 680.51 billion yen
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poot66 - 5/14/2011 2:22:10 PM

+1 Boost

holy crap!!! goodbye suzuki.... at least in America