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Suzuki exits JV with Chang’an, sells stake for ¥1

CHONGQING – It was only a matter of when, not if, for Suzuki’s departure from China.

And that when happened on September 4, when the Japanese automaker announced that it has agreed to transfer its 50 percent equity in Chang’an-Suzuki Automobile Co., Ltd., its 25-year-old joint venture with Chang’an Automobile Co., Ltd., to the Chinese partner for ¥1.

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