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GasBuddy News Article

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American Suzuki files Chapter 11 bankruptcy

GasBuddy Blog -- Automotive News reported this week that American Suzuki Motor Corp., plagued by plummeting sales volume while the industry has climbed back from recession, is ending U.S. auto sales after nearly 30 years. It has filed for Chapter 11 bankruptcy protection.

The company said it will maintain its motorcycle and marine engine business units and will continue to honor auto customers' warranties. Japanese parent Suzuki Motor Corp. is not seeking protection from creditors, the company said.

In its filing, American Suzuki said it "has exhausted all available means to reduce the cost of operating the Automotive Division for it to operate profitably."

The automaker joins Daihatsu, Isuzu and Daewoo as smaller Asian brands...


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Submitted Nov 08, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: American Suzuki files Chapter 11 bankruptcy Back to Topics
REPLIES (newest first) Post a Reply
DeserTBoB
Champion Author California

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Message Posted: Nov 17, 2012 12:30:20 PM

Suzuki came late to the jap sushi roll car party when clueless people thougth "japanese were better", and now, like Dihatsu and a few others, is gone. They never had much going for them.
jamtexFL
Rookie Author Miami

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Message Posted: Nov 16, 2012 4:40:52 PM

I know I haven't seen much of their cars on the road, only suzuki bikes
garywa01
Sophomore Author Alberta

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Message Posted: Nov 13, 2012 5:15:04 PM

i love my Aerio
honda0105
Champion Author Tallahassee

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Message Posted: Nov 11, 2012 7:00:23 AM

they're better off sticking to motorcycles and other smaller vehicles.
VanIsleLes
All-Star Author British Columbia

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Message Posted: Nov 10, 2012 8:29:26 PM

Sad
Double_Golden
Champion Author San Francisco

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Message Posted: Nov 9, 2012 11:34:10 PM

2 days old news...
rbutterw
Champion Author Raleigh

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Message Posted: Nov 9, 2012 9:14:06 PM

Suzuki made a great Tracker like vehicle
tomok
Champion Author Portland

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Message Posted: Nov 9, 2012 4:44:04 PM

American Suzuki files Chapter 11 bankruptcy. A related article on Nov 5, 6, 'Suzuki to stop U.S. auto sales, exit market.' Suzuki will keep the motorcycle and marine engine business and honor the auto customer warranties.
Are they still making Suzuki's autos? You never hear them advertized or ever see one on the road. Another manufacturer taken out with Sneeky's failed economy. A 50mpg vehicle would sell in this economy and it would not matter what the quality of the vehicle was. And that Fiat (Fix It Again Tony) is on the road too! What will happen next?
'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the 'jobs' are Not here and more businesses have to close their doors. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down. AND, another four years of doom and gloom, when will it ever improve?
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII!
slowtrain
Champion Author Georgia

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Message Posted: Nov 9, 2012 4:32:49 PM

Yesterday's and the day's before news.
sanjeev3
Veteran Author Toronto

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Message Posted: Nov 9, 2012 4:25:27 PM

ok
LCSTEELERBOB
Champion Author Gary

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Message Posted: Nov 9, 2012 4:24:38 PM

This is an old post, and I have posted about this twice before
balljars
Champion Author Michigan

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Message Posted: Nov 9, 2012 4:24:18 PM

To bad nice company to do business with.
hank1326
Champion Author Los Angeles

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Message Posted: Nov 9, 2012 4:22:55 PM

Did not think they had a chance with the current economy and market.
Voltus
Champion Author Miami

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Message Posted: Nov 9, 2012 4:22:24 PM

just buy American
GordoM
Champion Author Detroit

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Message Posted: Nov 9, 2012 4:21:09 PM

Too bad, but stopping the losses on the cars will hopefully keep the motorcycles, outboards, etc. in business.
DrLyon
Champion Author Michigan

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Message Posted: Nov 9, 2012 4:19:28 PM

Now, old news...
CAD69
Champion Author Milwaukee

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Message Posted: Nov 9, 2012 4:19:11 PM

Really old news!
manbig13
Champion Author Cleveland

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Message Posted: Nov 9, 2012 4:18:03 PM

yep
PrettyLittleLady
Champion Author Modesto

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Message Posted: Nov 9, 2012 4:17:45 PM

so be it..
The_DR
Champion Author New Jersey

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Message Posted: Nov 9, 2012 4:17:44 PM

we'll see ya
bby
Champion Author Twin Cities

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Message Posted: Nov 9, 2012 4:17:26 PM

ok
5Golfer8
Champion Author Tucson

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Message Posted: Nov 9, 2012 4:14:50 PM

Goodbye Sosuckee.
Discovery02
Champion Author Colorado Springs

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Message Posted: Nov 9, 2012 4:14:07 PM

Protecting themselves from creditors and from having to pay their bills.
DYSKYPILOT
Champion Author Fort Worth

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Message Posted: Nov 9, 2012 4:14:05 PM

ok
del55
Rookie Author Albuquerque

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Message Posted: Nov 9, 2012 4:13:59 PM

Too bad
Mowerman08
Champion Author Milwaukee

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Message Posted: Nov 9, 2012 4:13:48 PM

Get rid of this topic, it has been here in one form or another for several days.
souly
Champion Author Montreal

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Message Posted: Nov 9, 2012 4:13:25 PM

thanks for the post
weenerdog
Champion Author Detroit

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Message Posted: Nov 9, 2012 4:09:52 PM

rerun
MacDad614
Champion Author Atlanta

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Message Posted: Nov 9, 2012 4:08:36 PM

Old news - from November 5 - http://www.marketwatch.com/story/us-suzuki-distributor-files-for-chapter-11-2012-11-05
Bubba44612
Champion Author Ohio

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Message Posted: Nov 9, 2012 4:07:30 PM

3rd day I've posted on this.
OOXXFF
Champion Author Greensboro

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Message Posted: Nov 9, 2012 4:03:36 PM

Too bad.
hammer219115
Veteran Author Pennsylvania

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Message Posted: Nov 9, 2012 4:02:33 PM

Good luck to them.
KillChain
Champion Author Albuquerque

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Message Posted: Nov 9, 2012 4:02:22 PM

Too bad, All those jobs.
jimmy544
Champion Author Boston

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Message Posted: Nov 9, 2012 3:58:47 PM

Yesterdays news!
MG_Sputnik
Champion Author Philadelphia

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Message Posted: Nov 9, 2012 3:57:15 PM

This is the 2nd day in a row they filed for bankruptcy. Does that mean they're back in business???
stevencr
Champion Author Ohio

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Message Posted: Nov 9, 2012 3:49:32 PM

With the poor economy world wide, it's going to be a tough way to go for a lot of businesses.
Gas4Gore
Champion Author Detroit

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Message Posted: Nov 9, 2012 3:45:58 PM

Old news.
hwmillerster
Champion Author Missouri

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Message Posted: Nov 9, 2012 3:45:53 PM

It was to be expected, there is a lot of competition out there and Suzuki didn't have a remarkable product.
DABEE1073
Champion Author San Diego

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Message Posted: Nov 9, 2012 3:45:38 PM

Read it yesterday.
bababooey2
Champion Author Hartford

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Message Posted: Nov 9, 2012 3:45:19 PM

There is cobweds setting in on this one.
jellybelly72
All-Star Author San Bernardino

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Message Posted: Nov 9, 2012 3:45:14 PM

I see
nigelb
Champion Author Virginia

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Message Posted: Nov 9, 2012 3:44:24 PM

Old news.
rte3tdi
Champion Author New Hampshire

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Message Posted: Nov 9, 2012 3:41:48 PM

Will they still make a subcompact for GM?
CPGas1815
Champion Author Michigan

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Message Posted: Nov 9, 2012 3:40:39 PM

Old news.
fullauto
Champion Author Reading

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Message Posted: Nov 9, 2012 3:40:02 PM

not news
bobsalwaysmt
Champion Author Long Island

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Message Posted: Nov 9, 2012 3:38:09 PM

OLD!
sydb7
Champion Author Atlanta

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Message Posted: Nov 9, 2012 3:38:05 PM

Old!
waynemustang
Champion Author Indiana

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Message Posted: Nov 9, 2012 3:35:36 PM

Gone the way of the Oldsmobile, Pontiac, and Plymouth.
lunarrv15
Champion Author Cincinnati

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Message Posted: Nov 9, 2012 3:33:39 PM

okay...interesting
thanks for posting
hallows
Champion Author St. Louis

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Message Posted: Nov 9, 2012 3:25:09 PM

Old news!
TA33
Champion Author Massachusetts

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Message Posted: Nov 9, 2012 3:24:36 PM

bye bye
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