Suzuki Motor Corp. made a number of announcements Wednesday, naming its new president, unveiling fiscal 2003 sales projections and launching what it says is the world's first commercially available hybrid minivehicle.
The carmaker said that Hiroshi Tsuda, a senior managing director in charge of car technology, will take over the presidency on April 1, replacing Masao Toda, who has served as president since June 2000. Toda will become a board director.
Tsuda, 57, said he will work to create more attractive products to survive intensifying competition in the domestic and overseas markets in cooperation with Suzuki Chairman Osamu Suzuki and other directors.