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There was a time when Grand Prix racing was a lucrative affair, with the bikes and their riders resembling the fag packets that sponsored them. However, two unfortunate and costly blows hit the paddock; the banning of tobacco advertising in 2005 followed by the global economic crisis. The off-shoot saw grid numbers drastically dwindle with staple teams, like Kenny Roberts' outfit, and manufacturers, Kawasaki and Suzuki, succumbing to the events and disappearing.

Suzuki Reports Q2 2012-2013 Results

Suzuki made headlines earlier this week when its American subsidiary filed for Chapter 11 and announced it is quitting the automobile business to focus on motorcycles and its marine operations. American Suzuki‘s car business has been struggling for a while and it remains to be seen how these developments will affect its motorcycle business. Today, Suzuki released its report for the first half of its 2012-2013 fiscal year, providing much needed context to the earlier news.

Suzuki Reports Q1 2013-2014 Results

Suzuki reported an 18.5% increase in net sales from its motorcycle business in its first quarter ended June 30, 2013. Suzuki reports sales of 70.5 billion yen (US$710.1 million) from its motorcycle business, an increase from 59.5 billion yen reported in the same quarter last year. Unfortunately, despite increasing revenue, Suzuki’s motorcycle operations still remains in the red, operating at a loss of 2.7 billion yen (US$27.2 million) compared to a loss of 3.5 billion yen in the first quarter last year.