Suzuki’s American subsidiary goes bankrupt

Tuesday, November 6 2012

The American arm of Suzuki has announced that is has been forced to ‘realign’ its business under US bankruptcy laws after falling into financial difficulties.

The company is supposedly $346 million in debt, with as much as $173 million of that amount owed to Suzuki group companies, which suggests they may well have been going under for some time. The realignment means that the branch will no longer sell cars and will instead shift its attention to bikes, marine products and ATVs. Certainly, Suzuki has felt the effects of the worldwide financial crisis on its bike sales, with import figures and sales significantly falling.