July 2, 2004

Suzuki to build GM V6 engines

Detroit, Michigan – General Motors Corp. and Suzuki Motor Corp. have reached an agreement that will allow Suzuki to produce variants of the new GM-designed global V6 engine for use in future Suzuki cars and trucks.

The two companies announced the agreement following a meeting of Rick Wagoner, GM chairman and CEO, and Osamu Suzuki, Suzuki chairman and CEO. Financial terms of the agreement were not disclosed.

As part of the agreement, Suzuki will build both 3.2-litre and 3.6-litre engine variants at its Sagara engine plant in Shizuoka, Japan. Suzuki engineers will tailor the engines to meet the packaging requirements and brand characteristics of Suzuki vehicles. Production is scheduled to begin in 2006.

“The automotive industry is experiencing severe competition around the world,” Suzuki said. “By partnering together to produce this new engine, we’re able to capitalize on the synergies and savings of our relationship with GM.”

The GM-Suzuki’s partnership began in 1981, and has resulted in several global agreements in product development, manufacturing and distribution.

The new global V6 engine features all-aluminum construction, 60-degree, dual overhead cam and 4-valve-per-cylinder design. With variants ranging from 2.8-litre to 3.6-litre, the new engines incorporate the latest technology, including continuously variable valve timing.

GM introduced the global V6 engine in its 2004 model year vehicles and builds the engine family at its St. Catharines, Canada, and Holden Port Melbourne, Australia, engine plants.

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