Filed under:
Government/Legal,
Suzuki,
Earnings/Financials
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. 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 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 to ensure its past and current customers aren't completely left in repair-work limbo.
Check out the complete announcement from Suzuki
below for more information, and please join us in mourning the loss of the
Kizashi sedan and
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
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Official: Suzuki Chapter 11 bankruptcy plans approved by US court
