Not Logged In Log In   Sign Up   Points Leaders
Follow Us    5:33 AM

GasBuddy News Article

51
votes
American Suzuki files Chapter 11 bankruptcy

GasBuddy Blog -- Automotive News reported this week that American Suzuki Motor Corp., plagued by plummeting sales volume while the industry has climbed back from recession, is ending U.S. auto sales after nearly 30 years. It has filed for Chapter 11 bankruptcy protection.

The company said it will maintain its motorcycle and marine engine business units and will continue to honor auto customers' warranties. Japanese parent Suzuki Motor Corp. is not seeking protection from creditors, the company said.

In its filing, American Suzuki said it "has exhausted all available means to reduce the cost of operating the Automotive Division for it to operate profitably."

The automaker joins Daihatsu, Isuzu and Daewoo as smaller Asian brands...


Read the Full Article

Submitted Nov 08, 2012 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: American Suzuki files Chapter 11 bankruptcy Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
DeserTBoB
Champion Author California

Posts:1,757
Points:292,945
Joined:Aug 2012
Message Posted: Nov 17, 2012 1:30:20 PM

Suzuki came late to the jap sushi roll car party when clueless people thougth "japanese were better", and now, like Dihatsu and a few others, is gone. They never had much going for them.
Profile Pic
jamtexFL
Rookie Author Miami

Posts:6
Points:700
Joined:Nov 2012
Message Posted: Nov 16, 2012 5:40:52 PM

I know I haven't seen much of their cars on the road, only suzuki bikes
Profile Pic
garywa01
Sophomore Author Alberta

Posts:202
Points:814,490
Joined:Jan 2012
Message Posted: Nov 13, 2012 6:15:04 PM

i love my Aerio
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,600
Points:2,153,465
Joined:Nov 2008
Message Posted: Nov 11, 2012 8:00:23 AM

they're better off sticking to motorcycles and other smaller vehicles.
Profile Pic
VanIsleLes
All-Star Author British Columbia

Posts:898
Points:330,895
Joined:Jun 2012
Message Posted: Nov 10, 2012 9:29:26 PM

Sad
Profile Pic
Double_Golden
Champion Author San Francisco

Posts:4,085
Points:1,023,985
Joined:Aug 2011
Message Posted: Nov 10, 2012 12:34:10 AM

2 days old news...
Profile Pic
rbutterw
Champion Author Raleigh

Posts:3,135
Points:786,860
Joined:Mar 2012
Message Posted: Nov 9, 2012 10:14:06 PM

Suzuki made a great Tracker like vehicle
Profile Pic
tomok
Champion Author Portland

Posts:43,008
Points:2,891,335
Joined:Aug 2006
Message Posted: Nov 9, 2012 5:44:04 PM

American Suzuki files Chapter 11 bankruptcy. A related article on Nov 5, 6, 'Suzuki to stop U.S. auto sales, exit market.' Suzuki will keep the motorcycle and marine engine business and honor the auto customer warranties.
Are they still making Suzuki's autos? You never hear them advertized or ever see one on the road. Another manufacturer taken out with Sneeky's failed economy. A 50mpg vehicle would sell in this economy and it would not matter what the quality of the vehicle was. And that Fiat (Fix It Again Tony) is on the road too! What will happen next?
'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the 'jobs' are Not here and more businesses have to close their doors. Sneeky's economy is not improving but continues to hurt the population and the job numbers continue to be down. AND, another four years of doom and gloom, when will it ever improve?
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII!
Profile Pic
slowtrain
Champion Author Georgia

Posts:5,982
Points:1,488,665
Joined:Aug 2008
Message Posted: Nov 9, 2012 5:32:49 PM

Yesterday's and the day's before news.
Profile Pic
sanjeev3
Veteran Author Toronto

Posts:268
Points:236,240
Joined:Jan 2009
Message Posted: Nov 9, 2012 5:25:27 PM

ok
Profile Pic
LCSTEELERBOB
Champion Author Gary

Posts:3,517
Points:877,655
Joined:Oct 2008
Message Posted: Nov 9, 2012 5:24:38 PM

This is an old post, and I have posted about this twice before
Profile Pic
balljars
Champion Author Michigan

Posts:8,113
Points:1,610,695
Joined:Aug 2008
Message Posted: Nov 9, 2012 5:24:18 PM

To bad nice company to do business with.
Profile Pic
hank1326
Champion Author Los Angeles

Posts:10,762
Points:2,234,915
Joined:Jun 2008
Message Posted: Nov 9, 2012 5:22:55 PM

Did not think they had a chance with the current economy and market.
Profile Pic
Voltus
Champion Author Miami

Posts:10,807
Points:2,085,535
Joined:May 2005
Message Posted: Nov 9, 2012 5:22:24 PM

just buy American
Profile Pic
GordoM
Champion Author Detroit

Posts:2,030
Points:1,400,270
Joined:Nov 2006
Message Posted: Nov 9, 2012 5:21:09 PM

Too bad, but stopping the losses on the cars will hopefully keep the motorcycles, outboards, etc. in business.
Profile Pic
DrLyon
Champion Author Michigan

Posts:8,477
Points:1,700,340
Joined:May 2006
Message Posted: Nov 9, 2012 5:19:28 PM

Now, old news...
Profile Pic
CAD69
Champion Author Milwaukee

Posts:5,329
Points:1,360,675
Joined:Nov 2010
Message Posted: Nov 9, 2012 5:19:11 PM

Really old news!
Profile Pic
manbig13
Champion Author Cleveland

Posts:1,431
Points:557,475
Joined:May 2011
Message Posted: Nov 9, 2012 5:18:03 PM

yep
Profile Pic
PrettyLittleLady
Champion Author Modesto

Posts:5,878
Points:2,417,585
Joined:May 2006
Message Posted: Nov 9, 2012 5:17:45 PM

so be it..
Profile Pic
The_DR
Champion Author New Jersey

Posts:4,784
Points:1,112,540
Joined:Aug 2011
Message Posted: Nov 9, 2012 5:17:44 PM

we'll see ya
Profile Pic
bby
Champion Author Twin Cities

Posts:7,881
Points:1,551,935
Joined:Nov 2009
Message Posted: Nov 9, 2012 5:17:26 PM

ok
Profile Pic
5Golfer8
Champion Author Tucson

Posts:4,476
Points:834,045
Joined:Jun 2011
Message Posted: Nov 9, 2012 5:14:50 PM

Goodbye Sosuckee.
Profile Pic
Discovery02
Champion Author Colorado Springs

Posts:7,080
Points:836,720
Joined:May 2012
Message Posted: Nov 9, 2012 5:14:07 PM

Protecting themselves from creditors and from having to pay their bills.
Profile Pic
DYSKYPILOT
Champion Author Fort Worth

Posts:5,008
Points:1,144,775
Joined:Mar 2006
Message Posted: Nov 9, 2012 5:14:05 PM

ok
Profile Pic
del55
Rookie Author Albuquerque

Posts:15
Points:63,515
Joined:Aug 2012
Message Posted: Nov 9, 2012 5:13:59 PM

Too bad
Profile Pic
Mowerman08
Champion Author Milwaukee

Posts:7,025
Points:1,737,740
Joined:Aug 2008
Message Posted: Nov 9, 2012 5:13:48 PM

Get rid of this topic, it has been here in one form or another for several days.
Profile Pic
souly
Champion Author Montreal

Posts:4,247
Points:975,705
Joined:Jun 2010
Message Posted: Nov 9, 2012 5:13:25 PM

thanks for the post
Profile Pic
weenerdog
Champion Author Detroit

Posts:10,604
Points:2,353,085
Joined:Jan 2008
Message Posted: Nov 9, 2012 5:09:52 PM

rerun
Profile Pic
MacDad614
Champion Author Atlanta

Posts:4,812
Points:1,632,900
Joined:Aug 2008
Message Posted: Nov 9, 2012 5:08:36 PM

Old news - from November 5 - http://www.marketwatch.com/story/us-suzuki-distributor-files-for-chapter-11-2012-11-05
Profile Pic
Bubba44612
Champion Author Ohio

Posts:9,731
Points:2,414,675
Joined:Aug 2005
Message Posted: Nov 9, 2012 5:07:30 PM

3rd day I've posted on this.
Profile Pic
OOXXFF
Champion Author Greensboro

Posts:5,425
Points:1,618,055
Joined:Sep 2009
Message Posted: Nov 9, 2012 5:03:36 PM

Too bad.
Profile Pic
hammer219115
Veteran Author Pennsylvania

Posts:441
Points:24,960
Joined:Aug 2006
Message Posted: Nov 9, 2012 5:02:33 PM

Good luck to them.
Profile Pic
KillChain
Champion Author Albuquerque

Posts:5,954
Points:2,023,050
Joined:Jun 2006
Message Posted: Nov 9, 2012 5:02:22 PM

Too bad, All those jobs.
Profile Pic
jimmy544
Champion Author Boston

Posts:6,920
Points:1,144,405
Joined:Feb 2011
Message Posted: Nov 9, 2012 4:58:47 PM

Yesterdays news!
Profile Pic
MG_Sputnik
Champion Author Philadelphia

Posts:9,578
Points:2,497,650
Joined:Apr 2006
Message Posted: Nov 9, 2012 4:57:15 PM

This is the 2nd day in a row they filed for bankruptcy. Does that mean they're back in business???
Profile Pic
stevencr
Champion Author Ohio

Posts:8,088
Points:1,978,240
Joined:Mar 2009
Message Posted: Nov 9, 2012 4:49:32 PM

With the poor economy world wide, it's going to be a tough way to go for a lot of businesses.
Profile Pic
Gas4Gore
Champion Author Detroit

Posts:3,370
Points:600,885
Joined:Jan 2010
Message Posted: Nov 9, 2012 4:45:58 PM

Old news.
Profile Pic
hwmillerster
Champion Author Missouri

Posts:9,190
Points:2,006,245
Joined:Oct 2008
Message Posted: Nov 9, 2012 4:45:53 PM

It was to be expected, there is a lot of competition out there and Suzuki didn't have a remarkable product.
Profile Pic
DABEE1073
Champion Author San Diego

Posts:10,810
Points:2,114,875
Joined:Jun 2008
Message Posted: Nov 9, 2012 4:45:38 PM

Read it yesterday.
Profile Pic
bababooey2
Champion Author Hartford

Posts:8,778
Points:1,846,200
Joined:Sep 2009
Message Posted: Nov 9, 2012 4:45:19 PM

There is cobweds setting in on this one.
Profile Pic
jellybelly72
All-Star Author San Bernardino

Posts:693
Points:649,970
Joined:Jul 2011
Message Posted: Nov 9, 2012 4:45:14 PM

I see
Profile Pic
nigelb
Champion Author Virginia

Posts:10,825
Points:1,925,475
Joined:Feb 2008
Message Posted: Nov 9, 2012 4:44:24 PM

Old news.
Profile Pic
rte3tdi
Champion Author New Hampshire

Posts:1,317
Points:922,665
Joined:Mar 2011
Message Posted: Nov 9, 2012 4:41:48 PM

Will they still make a subcompact for GM?
Profile Pic
CPGas1815
Champion Author Michigan

Posts:6,060
Points:1,110,190
Joined:Apr 2008
Message Posted: Nov 9, 2012 4:40:39 PM

Old news.
Profile Pic
fullauto
Champion Author Reading

Posts:7,025
Points:1,852,220
Joined:Apr 2008
Message Posted: Nov 9, 2012 4:40:02 PM

not news
Profile Pic
bobsalwaysmt
Champion Author Long Island

Posts:5,638
Points:313,140
Joined:Oct 2007
Message Posted: Nov 9, 2012 4:38:09 PM

OLD!
Profile Pic
sydb7
Champion Author Atlanta

Posts:5,261
Points:2,384,205
Joined:Mar 2003
Message Posted: Nov 9, 2012 4:38:05 PM

Old!
Profile Pic
waynemustang
Champion Author Indiana

Posts:8,422
Points:2,178,435
Joined:Nov 2006
Message Posted: Nov 9, 2012 4:35:36 PM

Gone the way of the Oldsmobile, Pontiac, and Plymouth.
Profile Pic
lunarrv15
Champion Author Cincinnati

Posts:18,728
Points:2,927,060
Joined:Dec 2005
Message Posted: Nov 9, 2012 4:33:39 PM

okay...interesting
thanks for posting
Profile Pic
hallows
Champion Author St. Louis

Posts:7,110
Points:3,347,245
Joined:Jun 2004
Message Posted: Nov 9, 2012 4:25:09 PM

Old news!
Post a reply Back to Topics