Wednesday, January 4, 2012

Suzuki to Spend Nearly $800 Million to Boost Engine, Automobile Output In Indonesia

Suzuki Motor Corp. (7269.TO) said Wednesday it will build a new engine factory in Indonesia as part of a Y60 billion ($779 million) expansion to increase output of small, four-wheeled vehicles in the fast-growing Southeast Asian market.

"Suzuki Motor Corp plans to invest nearly $800 million to expand its automobile production facilities in Indonesia over the next two years," Soebronto Laras, the president of Jakarta-based PT Suzuki Indomobil Motor, told the Wall Street Journal.