Suzuki Motor Corporation has announced that it will be filing for Chapter 11 bankruptcy in the U.S. seeking protection and eventually ending auto sales in the U.S.. Following a review of its current position and future opportunities in the U.S. automotive market Suzuki said will wind down and discontinue new automobile sales 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. Suzuki’s U.S. sales for the year through October totaled 21,188 vehicles, down 5 percent from the same period last year.Suzuki will stop selling cars in United States
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Suzuki Motor Corporation has announced that it will be filing for Chapter 11 bankruptcy in the U.S. seeking protection and eventually ending auto sales in the U.S.. Following a review of its current position and future opportunities in the U.S. automotive market Suzuki said will wind down and discontinue new automobile sales 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. Suzuki’s U.S. sales for the year through October totaled 21,188 vehicles, down 5 percent from the same period last year.