Suzuki Files For Bankruptcy
BREA, Calif.–(BUSINESS WIRE)– American Suzuki Motor Corporation, the sole distributor in the continental United States of Suzuki Motor Corporation automobiles, motorcycles, all-terrain vehicles and marine outboard engines, today announced that it plans to realign its business to focus on the long-term growth of its Motorcycles/ATV and Marine divisions. Following a thorough review of its current position and future opportunities in the U.S. automotive market, American Suzuki Motor Corporation will wind down and discontinue new automobile sales in the continental U.S. The Company has determined the best path to achieve this realignment in an efficient and orderly manner is to restructure its operations under chapter 11. The case will be filed in the United States Bankruptcy Court, Central District of California in Santa Ana.
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In: Business Stories · Tagged with: American Suzuki Motor Corporation, Automobile Sales, Automotive Market, Bankruptcy Court Central District Of California, Central District Of California, Continental United States, Marine Divisions, Marine Outboard Engines, Orderly Manner, Realignment, Salary Information, Sole Distributor, States Bankruptcy Court, Suzuki Automobiles, Suzuki Motor, Suzuki Motor Corporation, Terrain Vehicles, United States Bankruptcy Court, United States Bankruptcy Court Central District, United States Bankruptcy Court Central District Of California
