Suzuki wants to leave MotoGP to develop “new technologies”
Suzuki has finally announced an official statement regarding its intention to retire from MotoGP, and it’s not very encouraging. See the statement below, as posted on the MotoGP website:
Statement from Suzuki Motor Corporation on its future in MotoGP
Hamamatsu factory commented on recent reports that Suzuki will be leaving MotoGP™ at the end of 2022
Suzuki Motor Corporation is in talks with Dorna regarding the possibility of ending Suzuki’s participation in MotoGP™ at the end of 2022.
Unfortunately, the current economic situation and the need to focus its efforts on the great changes that the automotive world has been facing in recent years, forces Suzuki to drastically reduce racing costs and use all its economic and human resources in the development new technologies.
We would like to express our deepest gratitude to our Suzuki Ecstar team, to everyone who has supported Suzuki’s motorcycle racing activities for many years, and to all Suzuki fans who have given us their enthusiastic support.
For MotoGP and their backers at the Dorna Broadcast Group to execute on this statement, it has to be essentially a done deal.
What does it mean?
On the surface, it’s a simple statement: Suzuki is leaving MotoGP. But, read between the lines, and a bigger story emerges: Are the “big changes” in “the world of automobiles” causing Suzuki to shift its workforce and funding? And what other racing-related expenses could be on the chopping block, after MotoGP? The company says it uses all its resources to develop new technologies? What new technology could this be – Suzuki has been teasing a turbocharged bike on the Japanese circuit for half a decade, could this be it?
Not likely. The word on the street is that Suzuki’s top management sees no future in an arms race to capture the fickle Western motorcycle markets. Europe and North America are risky propositions; it is much easier to build cheap, mass-produced machines for Asia and South America. Maybe Suzuki is working on a new electric motorcycle platform for big customers in the West, but as we already saw this week in columnist Neil Graham’s The Lowdown, directions are otherwise. Suzuki’s motorcycle operations are taking a huge financial hit these days, with rising material costs interfering with the company’s ability to maintain its margin on low-cost machines.
Everything is explained hereif you are curious…
That said: if Suzuki is serious about moving forward and serious about its investments, it will have the least to lose at this point as the world pushes technology out of gasoline. The 21st century could be very bright for the brand, if it can weather a few more years of stormy financial seas.