American Suzuki to pull out of U.S. auto market, file Chapter 11 bankruptcy
NEWS
 

  1. Welcome to Ford Inside News – General discussion forum for Ford

    Welcome to Ford Inside News - a website dedicated to all things Ford.

    You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, at no cost, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, Join Ford Inside News today!
     
+ Reply to Thread
Results 1 to 6 of 6

Thread: American Suzuki to pull out of U.S. auto market, file Chapter 11 bankruptcy

  1. #1
    The Spaminator ausrutherford's Avatar
    Join Date
    Jul 2008
    Location
    Death Valley, South Carolina
    Age
    24
    Posts
    5,671
    Thanks
    14
    Thanked 330 Times in 162 Posts
    Blog Entries
    19

    American Suzuki to pull out of U.S. auto market, file Chapter 11 bankruptcy

    Ryan Beene
    November 5, 2012
    Automotive News

    LOS ANGELES -– American Suzuki Motor Corp., beset by low sales, cutthroat competition and unfavorable foreign exchange rates, said it will pull out of the U.S. auto market and file for Chapter 11 bankruptcy protection.

    The company, in a statement today, said it will continue its motorcycle and marine engine business units and will continue to honor customer warranties. American Suzuki's bankruptcy filing is expected to be available later tonight in California. Japanese parent company, Suzuki Motor Corp., is not filing for bankruptcy, the company said.

    American Suzuki cited its poor U.S. auto sales, high costs, regulatory requirements and unfavorable foreign exchange rates as factors that contributed to the decision to wind-down its automotive business.

    "While the decision to discontinue new automobile sales in the U.S. was difficult to make, today's actions were inevitable under these circumstances," the company said in the statement.
    Have Ford Sales in Markets Not Included in this POST? Email Me

    GO TIGERS! BCS Orange Bowl Champs!


  2. Remove Advertisements
    Ford Inside News
    Advertisements
     

  3. #2
    FIN Moderator
    Join Date
    Jul 2010
    Location
    Metairie, LA
    Posts
    1,693
    Thanks
    586
    Thanked 357 Times in 257 Posts

    Re: American Suzuki to pull out of U.S. auto market, file Chapter 11 bankruptcy

    It's about time.

    Mitsubishi will be the one next in line.
    Last edited by nruggiero; 11-05-2012 at 06:27 PM.

  4. #3
    Ford Falcon Ute Andrew L's Avatar
    Join Date
    Dec 2008
    Location
    St. Petersburg, FL
    Age
    25
    Posts
    3,234
    Thanks
    283
    Thanked 523 Times in 331 Posts

    Re: American Suzuki to pull out of U.S. auto market, file Chapter 11 bankruptcy

    So long! Nice knowing you!
    Current Car: 2004 Lincoln LS V6 Luxury Cashmere Tri-Coat 3.0L Duratec V6 5 Speed Automatic with SST
    Previous Cars
    1994 Ford Econoline 150 Centaurus LTD Conversion Van Red and White 351 V8 4 Speed Automatic
    1999 Mercury Sable LS Premium Toreador Red Clear Coat Metalic 3.0L Duratec V6 4 Speed Automatic

  5. #4
    Ford Focus ZX ZanatWork's Avatar
    Join Date
    Nov 2007
    Location
    Albuquerque, NM
    Age
    43
    Posts
    272
    Thanks
    148
    Thanked 107 Times in 61 Posts

    Re: American Suzuki to pull out of U.S. auto market, file Chapter 11 bankruptcy

    I never really got how they hung on this long. In their early days, silly stuff like the Samurai made sense as far as people looking for cute, quirky vehicles...but they haven't had anything in the car market that stood out in...maybe a decade or more.

    I wonder what the dealership by my last apartment is gonna do now. They had FIAT as a second brand, wonder if that'll move 'em up to first....

  6. #5
    Ford Focus ZX MaxLegroom's Avatar
    Join Date
    May 2007
    Location
    Newport News, VA
    Posts
    358
    Thanks
    4
    Thanked 12 Times in 10 Posts

    Re: American Suzuki to pull out of U.S. auto market, file Chapter 11 bankruptcy

    The major stupidity on their part was in not continuing to sell the Swift. The current generation had definite hot hatch credentials, and would have made an interesting alternative to a Mini Cooper.
    Donne e motori, gioie e dolori (translation: if it's got wheels or t*ts, it will give you problems)

  7. #6
    Ford Escort GRIMEYtheFATMAN's Avatar
    Join Date
    May 2008
    Location
    Deltona, FL
    Age
    31
    Posts
    59
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Re: American Suzuki to pull out of U.S. auto market, file Chapter 11 bankruptcy

    I wonder if this means they'll pull out of Puerto Rico as well or not, since it's apparently a different market, and I saw more Suzukis than Hondas down there(both cars and bikes)...?

    Optimus Prime is a BAMF!

  8. Remove Advertisements
    Ford Inside News
    Advertisements
     

Quick Reply Quick Reply

Register Now

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.


Similar Threads

  1. WSJ:Bankruptcy Fears Grip Auto-Parts Suppliers
    By mchicha in forum Ford Motor Company Discussion
    Replies: 5
    Last Post: 02-04-2009, 09:40 AM
  2. Mazda6 for the North American Market
    By Mbukukanyau in forum Mazda Discussion
    Replies: 10
    Last Post: 05-22-2008, 01:05 PM
  3. Auto News: North American car, truck of year finalists announced
    By SobeSVT in forum Ford Motor Company Discussion
    Replies: 22
    Last Post: 12-14-2007, 12:19 PM
  4. Kiss the American Auto Industry Good-Bye
    By 1931Chevy in forum Ford Motor Company Discussion
    Replies: 1
    Last Post: 03-07-2007, 09:18 AM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may post replies
  • You may not post attachments
  • You may not edit your posts
Powered by vBadvanced CMPS v4.1.2