nvn news
Fri Dec 27 2024
Osamu Suzuki, the former chairman of Suzuki Motors, passed away at 94. He led the company for over 40 years, stepping down in 2021 after transforming Suzuki into one of the world's leading automobile companies.
Born on January 30, 1930 into a farming family in Japan, Osamu was the fourth child. Initially involved in politics, he married into the Suzuki family and entered the automotive industry. He graduated with a law degree from Chuo University in Tokyo and worked briefly as a junior teacher and night security guard. After completing his higher education in 1953, Osamu briefly worked at a bank before marrying into the Suzuki family and taking over the business.
In 1978 Osamu became the leader of Suzuki Motors, where he played a pivotal role in expanding the brand globally, introducing Suzuki’s mini-cars and motorcycles to international markets. He formed key alliances with General Motors in the U.S. and Volkswagen in Europe to enter the North American and European markets. Additionally, he helped establish Suzuki’s dominance in India with affordable small cars.
In his 2009 memoir, Osamu wrote, “If I had listened to everyone, things would have been delayed. I’m a small business leader, so I can’t stop. If you stop, you lose.” Osamu became president in 2000 but continued his role as both chairman and CEO.
His tenure saw challenges, including a loss during the 2008 financial crisis and a scandal in 2016 over fuel efficiency testing. Osamu, however, remained dedicated, cutting his own salary by 40%. He is survived by his wife and three children.
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