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03-05-2013, 06:17 AM
Filed under: Government/Legal (http://www.autoblog.com/category/government-legal/), Suzuki (http://www.autoblog.com/category/suzuki/), Earnings/Financials (http://www.autoblog.com/category/earnings-financials/)
http://www.blogcdn.com/www.autoblog.com/media/2013/03/suzuki-kizashi.jpg (http://www.autoblog.com/photos/2010-suzuki-kizashi-gts-review/)
It's pretty much a done-deal now, folks. A US bankruptcy judge has approved Suzuki's plans to wind down its operations in the States (http://www.autoblog.com/2012/11/05/american-suzuki-motors-files-chapter-11-will-no-longer-sell-car/). As part of Suzuki's Chapter 11 proceedings, its automotive unit will cease to exist in the US, leaving the motorcycle, ATV and marine units to function as Suzuki (http://www.autoblog.com/suzuki/) Motor of America.
It's not clear how many vehicles are left on the 219 remaining Suzuki dealership lots - the company reported sales of 1,764 in February - but the automaker has assured customers that warranty service and parts will remain available. Suzuki made an investment of $45 million (http://www.autoblog.com/2012/11/08/suzuki-has-to-take-out-45m-loan-just-to-shutter-us-dealers/) to ensure its past and current customers aren't completely left in repair-work limbo.
Check out the complete announcement from Suzuki below (http://www.motorgen.com/2013/03/05/suzuki-chapter-11-bankruptcy-plans-approved-by-us-court/#continued) for more information, and please join us in mourning the loss of the Kizashi (http://autoblog.com/suzuki/kizashi/) sedan and SX4 (http://www.autoblog.com/suzuki/sx4/) hatch, two vehicles we are legitimately going to miss when this whole sordid affair is done and over with.Continue reading Suzuki Chapter 11 bankruptcy plans approved by US court (http://www.autoblog.com/2013/03/05/suzuki-chapter-11-bankruptcy-plans-approved-by-us-court/)
Suzuki Chapter 11 bankruptcy plans approved by US court (http://www.autoblog.com/2013/03/05/suzuki-chapter-11-bankruptcy-plans-approved-by-us-court/) originally appeared on Autoblog (http://www.autoblog.com) on Tue, 05 Mar 2013 06:58:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).
Permalink (http://www.autoblog.com/2013/03/05/suzuki-chapter-11-bankruptcy-plans-approved-by-us-court/) | Email this (http://www.autoblog.com/forward/20487280/) | Comments (http://www.autoblog.com/2013/03/05/suzuki-chapter-11-bankruptcy-plans-approved-by-us-court/#comments)
More... (http://www.autoblog.com/2013/03/05/suzuki-chapter-11-bankruptcy-plans-approved-by-us-court/)
http://www.blogcdn.com/www.autoblog.com/media/2013/03/suzuki-kizashi.jpg (http://www.autoblog.com/photos/2010-suzuki-kizashi-gts-review/)
It's pretty much a done-deal now, folks. A US bankruptcy judge has approved Suzuki's plans to wind down its operations in the States (http://www.autoblog.com/2012/11/05/american-suzuki-motors-files-chapter-11-will-no-longer-sell-car/). As part of Suzuki's Chapter 11 proceedings, its automotive unit will cease to exist in the US, leaving the motorcycle, ATV and marine units to function as Suzuki (http://www.autoblog.com/suzuki/) Motor of America.
It's not clear how many vehicles are left on the 219 remaining Suzuki dealership lots - the company reported sales of 1,764 in February - but the automaker has assured customers that warranty service and parts will remain available. Suzuki made an investment of $45 million (http://www.autoblog.com/2012/11/08/suzuki-has-to-take-out-45m-loan-just-to-shutter-us-dealers/) to ensure its past and current customers aren't completely left in repair-work limbo.
Check out the complete announcement from Suzuki below (http://www.motorgen.com/2013/03/05/suzuki-chapter-11-bankruptcy-plans-approved-by-us-court/#continued) for more information, and please join us in mourning the loss of the Kizashi (http://autoblog.com/suzuki/kizashi/) sedan and SX4 (http://www.autoblog.com/suzuki/sx4/) hatch, two vehicles we are legitimately going to miss when this whole sordid affair is done and over with.Continue reading Suzuki Chapter 11 bankruptcy plans approved by US court (http://www.autoblog.com/2013/03/05/suzuki-chapter-11-bankruptcy-plans-approved-by-us-court/)
Suzuki Chapter 11 bankruptcy plans approved by US court (http://www.autoblog.com/2013/03/05/suzuki-chapter-11-bankruptcy-plans-approved-by-us-court/) originally appeared on Autoblog (http://www.autoblog.com) on Tue, 05 Mar 2013 06:58:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).
Permalink (http://www.autoblog.com/2013/03/05/suzuki-chapter-11-bankruptcy-plans-approved-by-us-court/) | Email this (http://www.autoblog.com/forward/20487280/) | Comments (http://www.autoblog.com/2013/03/05/suzuki-chapter-11-bankruptcy-plans-approved-by-us-court/#comments)
More... (http://www.autoblog.com/2013/03/05/suzuki-chapter-11-bankruptcy-plans-approved-by-us-court/)