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Suzuki backs out of China JV with Changhe

JINGDEZHEN, Jiangxi - Suzuki Motor Corp. has decided to completely pull out of its 23-year-old joint venture with Changhe Automobile Co., Ltd., a subsidiary of BAIC Group, the Japanese automaker said in a statement on June 15.

Suzuki has completed transfer of all equity in Jiangxi Changhe Suzuki Automobile Co., Ltd. (Changhe Suzuki), an entity accounted for using equity method in China, held by the Suzuki Group (46 percent) to Changhe Automobile.

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