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Japan: Suzuki passes away at 94 years old

He was the CEO of the company for just over 35 years and stood out for shaping the global expansion strategy of the Japanese automotive firm.

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Osamu Suzuki, the longtime chairman and former CEO of Suzuki Motor Corporation, passed away on December 25, 2024, at the age of 94 after a battle with malignant lymphoma. A key figure in the automotive industry, Suzuki’s leadership for over four decades transformed the Japanese carmaker into a global powerhouse, with a particular focus on emerging markets and technological innovation. Suzuki’s academic background was crucial to his distinguished business career. Born in Japan in 1930, he graduated from Keio University, one of the country’s most prestigious institutions. He later applied the skills and principles learned during his studies to lead Suzuki Motor Corporation from being a domestic manufacturer to becoming a global player in the automotive market.

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Suzuki joined the family business in 1958, initially working on various strategic initiatives. His rise to leadership was marked by his ability to balance practical engineering knowledge with visionary leadership. In 1978, he became the president of Suzuki, a position he held for over 40 years, guiding the company to its global prominence.

Under his leadership, Suzuki achieved significant milestones, including its expansion into international markets, particularly in India, where the company became a dominant force in the automotive sector. In Africa, for example, the automaker has a dealership in Ivory Coast, where a considerable number of its taxis are of the Japanese brand. One of the key moments of his leadership was his role in creating a capital alliance with Toyota in the early 2000s, which allowed both companies to collaborate on the development of autonomous driving technology. This partnership was crucial for advancing Suzuki’s technological capabilities while strengthening its competitive edge in the global market.

Although he stepped down as CEO in 2016 after a scandal involving emissions data manipulation, Suzuki continued to serve as honorary chairman, guiding the company with his experience and wisdom. His resignation from the CEO position did not diminish his influence over the direction of the company, and his legacy as an innovator and strategic visionary remains firmly established. Osamu Suzuki’s contribution to the automotive industry, his leadership in Suzuki’s global expansion, and his role in technological advancements have left an indelible mark on the sector. His passing marks the end of an era for Suzuki Motor Corporation.

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