Sports

Suzuki Pulls Out of 2009 World Rally

by TFleming | December 15, 2008 at 10:33 am

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Suzuki, a Japanese car manufacturing company announced on Monday that they will be pulling out of the 2009 FIA World Rally Championship due to the global financial crisis. This really comes as no surprise as car companies are being hit hard by this recession. Only ten days ago Honda announced that hey will be pulling their team out of Formula One.

“In responding to the contraction of the automotive sales caused by recent global economic turmoil, Suzuki has been promptly taking possible countermeasures,” the statement said. “To secure its own business environment for tomorrow, the organization reviews every aspect of the operations and decided to focus on the core business functions such as the manufacturing system, environment technologies, and development of new-generation powertrains. As a result, Suzuki concluded to suspend the WRC activities from 2009.”

Both companies are struggling due to declining vehicle demand. Honda has also cut several jobs both in Britain and Japan as well as reduced annual production of consumer cars to try to compensate for the recent economic losses.