Suzuki exits China after ending joint venture with Changan
Japanese carmaker Suzuki Motor Corporation has pulled out of China after dissolving its partnership with Changan. It has agreed to transfer its 50% stake in Changan Suzuki joint venture to Chongqing Changan Automobile after the legal proceedings, it said in a statement. Changan will continue to make and sell Suzuki-branded cars in China under a license.