American Suzuki Quits Car Business
The American Suzuki Motor Corporation has been a minor player in the market. Last week, it announced it had filed for bankruptcy protection and said it would cease selling automobiles in the United States as part of a plan to reorganize its business.
The SX4 sedan is among the vehicles Suzuki will stop selling in the United States, but it will continue to sell motorcycles and all-terrain vehicles.
The bankruptcy filing indicates the company is leaving thousands of creditors owed over $100 million. They company did say car warranties and buyback agreements would be honored.