Favorite driver's magazines

"Four Wheel", March 1, 2013

SUZUKI FILES FOR BANKRUPTCY

American Suzuki Motor Corporation (ASMC) announced it will “realign its business” to focus on its motorcycle/ATV and marine sales and stop selling cars and SUVs in the U.S. As part of the reorganization, ASMC is filing for Chapter 11 bankruptcy. The maker cited a number of “serious challenges” for its automotive division, ranging from a limited number of models to the increasing cost of meeting federal and state vehicular regulations. Once the existing inventory of Suzuki cars and SUVs is sold, Suzuki said that it will honor all warranties and that parts and service will continue to be provided through Suzuki’s parts and dealer network.

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