American Suzuki is going to pull out of the U.S Auto Market and file for bankruptcy. The company announced today that they will still honor warranties and will continue its motorcycle and marine engine units. Click below for more details.
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.
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