Suzuki Files for Bankruptcy in America

On Monday, November 5th,  American Suzuki Motor Corporation announced that they are filing Chapter 11 Bankruptcy and will cease the selling of cars in the United States.

“American Suzuki Motor Corporation (“ASMC” or “the Company”), the sole distributor in the continental United States of Suzuki Motor Corporation (“SMC”) automobiles, motorcycles, all-terrain vehicles and marine outboard engines, today announced that it plans to realign its business to focus on the long-term growth of its Motorcycles/ATV and Marine divisions. Following a thorough review of its current position and future opportunities in the U.S. automotive market, ASMC will wind down and discontinue new automobile sales in the continental U.S. The Company has determined the best path to achieve this realignment in an efficient and orderly manner is to restructure its operations under chapter 11. The case will be filed in the United States Bankruptcy Court, Central District of California in Santa Ana.”

Although Suzuki will not be selling anymore cars in the U.S., they will continue to honor all warranties through the current dealer network, those of which are not shut down completely. Suzuki will however continue to sell motorcycles/ATV and marine products in the U.S., but they will continue selling cars for as long as they’ve got them.Image courtesy of Suzuki Cars