Raise your hand if you saw this one coming. Okay, everyone put your hand down now, American Suzuki Motor Corporation, the American arm of Suzuki cars, announced late today that they are filing Chapter 11 Bankruptcy and will cease selling 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."
Suzuki will continue to honor all warranties through the current dealer network, at least, through those of which are not shut down completely. The brand will continue to sell motorcycles/ATV and marine products in the US. Current Suzuki owners can check this website for updates and information.?
Suzuki will continue selling cars for as long as they've got them. Anyone willing to step up for a deal?
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