Suzuki Motor shares slide 7% on $714 million recall-related loss

TOKYO: Shares of Suzuki Motor Corp slumped 7 percent in early Tokyo trade on Monday after the company flagged an extraordinary loss of 80 billion yen ($714 million) due to the recall of nearly 2 million cars related to improper vehicle inspections.

The automaker said on Friday it would book the loss in January-March, its final quarter of the business year, and would announce any revision to its full-year guidance as necessary.

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