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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...

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Submitted Nov 08, 2012 By: PD

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DeserTBoB Champion Author California Posts:1,466 Points:224,975 Joined:Aug 2012	Message Posted: Nov 17, 2012 1:30:20 PM Ignore DeserTBoB Report Abuse 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.
jamtexFL Rookie Author Miami Posts:6 Points:700 Joined:Nov 2012	Message Posted: Nov 16, 2012 5:40:52 PM Ignore jamtexFL Report Abuse I know I haven't seen much of their cars on the road, only suzuki bikes
garywa01 Sophomore Author Alberta Posts:130 Points:400,465 Joined:Jan 2012	Message Posted: Nov 13, 2012 6:15:04 PM Ignore garywa01 Report Abuse i love my Aerio
honda0105 Champion Author Tallahassee Posts:18,818 Points:1,636,245 Joined:Nov 2008	Message Posted: Nov 11, 2012 8:00:23 AM Ignore honda0105 Report Abuse they're better off sticking to motorcycles and other smaller vehicles.
VanIsleLes All-Star Author British Columbia Posts:898 Points:294,545 Joined:Jun 2012	Message Posted: Nov 10, 2012 9:29:26 PM Ignore VanIsleLes Report Abuse Sad
Double_Golden Champion Author San Francisco Posts:2,695 Points:632,110 Joined:Aug 2011	Message Posted: Nov 10, 2012 12:34:10 AM Ignore Double_Golden Report Abuse 2 days old news...
rbutterw Champion Author Raleigh Posts:1,304 Points:318,380 Joined:Mar 2012	Message Posted: Nov 9, 2012 10:14:06 PM Ignore rbutterw Report Abuse Suzuki made a great Tracker like vehicle
tomok Champion Author Portland Posts:33,579 Points:2,372,235 Joined:Aug 2006	Message Posted: Nov 9, 2012 5:44:04 PM Ignore tomok Report Abuse 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!
slowtrain Champion Author Georgia Posts:3,797 Points:975,400 Joined:Aug 2008	Message Posted: Nov 9, 2012 5:32:49 PM Ignore slowtrain Report Abuse Yesterday's and the day's before news.
sanjeev3 Rookie Author Toronto Posts:73 Points:57,150 Joined:Jan 2009	Message Posted: Nov 9, 2012 5:25:27 PM Ignore sanjeev3 Report Abuse ok
LCSTEELERBOB Champion Author Gary Posts:2,961 Points:720,580 Joined:Oct 2008	Message Posted: Nov 9, 2012 5:24:38 PM Ignore LCSTEELERBOB Report Abuse This is an old post, and I have posted about this twice before
balljars Champion Author Michigan Posts:8,113 Points:1,610,595 Joined:Aug 2008	Message Posted: Nov 9, 2012 5:24:18 PM Ignore balljars Report Abuse To bad nice company to do business with.
hank1326 Champion Author Los Angeles Posts:9,045 Points:1,760,270 Joined:Jun 2008	Message Posted: Nov 9, 2012 5:22:55 PM Ignore hank1326 Report Abuse Did not think they had a chance with the current economy and market.
Voltus Champion Author Miami Posts:8,582 Points:1,581,150 Joined:May 2005	Message Posted: Nov 9, 2012 5:22:24 PM Ignore Voltus Report Abuse just buy American
GordoM Champion Author Detroit Posts:1,048 Points:1,017,795 Joined:Nov 2006	Message Posted: Nov 9, 2012 5:21:09 PM Ignore GordoM Report Abuse Too bad, but stopping the losses on the cars will hopefully keep the motorcycles, outboards, etc. in business.
DrLyon Champion Author Michigan Posts:6,764 Points:1,238,390 Joined:May 2006	Message Posted: Nov 9, 2012 5:19:28 PM Ignore DrLyon Report Abuse Now, old news...
CAD69 Champion Author Milwaukee Posts:3,341 Points:872,965 Joined:Nov 2010	Message Posted: Nov 9, 2012 5:19:11 PM Ignore CAD69 Report Abuse Really old news!
manbig13 Champion Author Cleveland Posts:1,431 Points:557,475 Joined:May 2011	Message Posted: Nov 9, 2012 5:18:03 PM Ignore manbig13 Report Abuse yep
preacherjohn Champion Author Modesto Posts:4,096 Points:1,943,310 Joined:May 2006	Message Posted: Nov 9, 2012 5:17:45 PM Ignore preacherjohn Report Abuse so be it..
The_DR Champion Author New Jersey Posts:2,920 Points:612,565 Joined:Aug 2011	Message Posted: Nov 9, 2012 5:17:44 PM Ignore The_DR Report Abuse we'll see ya
bby Champion Author Twin Cities Posts:5,859 Points:1,048,645 Joined:Nov 2009	Message Posted: Nov 9, 2012 5:17:26 PM Ignore bby Report Abuse ok
5Golfer8 Champion Author Tucson Posts:2,258 Points:325,950 Joined:Jun 2011	Message Posted: Nov 9, 2012 5:14:50 PM Ignore 5Golfer8 Report Abuse Goodbye Sosuckee.
Discovery02 Champion Author Colorado Springs Posts:2,815 Points:337,390 Joined:May 2012	Message Posted: Nov 9, 2012 5:14:07 PM Ignore Discovery02 Report Abuse Protecting themselves from creditors and from having to pay their bills.
DYSKYPILOT Champion Author Fort Worth Posts:3,032 Points:652,205 Joined:Mar 2006	Message Posted: Nov 9, 2012 5:14:05 PM Ignore DYSKYPILOT Report Abuse ok
del55 Rookie Author Albuquerque Posts:15 Points:63,515 Joined:Aug 2012	Message Posted: Nov 9, 2012 5:13:59 PM Ignore del55 Report Abuse Too bad
Mowerman08 Champion Author Milwaukee Posts:4,878 Points:1,243,255 Joined:Aug 2008	Message Posted: Nov 9, 2012 5:13:48 PM Ignore Mowerman08 Report Abuse Get rid of this topic, it has been here in one form or another for several days.
souly Champion Author Montreal Posts:1,904 Points:459,095 Joined:Jun 2010	Message Posted: Nov 9, 2012 5:13:25 PM Ignore souly Report Abuse thanks for the post
weenerdog Champion Author Detroit Posts:9,591 Points:1,910,640 Joined:Jan 2008	Message Posted: Nov 9, 2012 5:09:52 PM Ignore weenerdog Report Abuse rerun
MacDad614 Champion Author Atlanta Posts:3,082 Points:1,199,360 Joined:Aug 2008	Message Posted: Nov 9, 2012 5:08:36 PM Ignore MacDad614 Report Abuse Old news - from November 5 - http://www.marketwatch.com/story/us-suzuki-distributor-files-for-chapter-11-2012-11-05
Bubba44612 Champion Author Ohio Posts:7,526 Points:1,903,410 Joined:Aug 2005	Message Posted: Nov 9, 2012 5:07:30 PM Ignore Bubba44612 Report Abuse 3rd day I've posted on this.
OOXXFF Champion Author Greensboro Posts:3,193 Points:1,105,905 Joined:Sep 2009	Message Posted: Nov 9, 2012 5:03:36 PM Ignore OOXXFF Report Abuse Too bad.
hammer219115 Veteran Author Pennsylvania Posts:411 Points:22,950 Joined:Aug 2006	Message Posted: Nov 9, 2012 5:02:33 PM Ignore hammer219115 Report Abuse Good luck to them.
KillChain Champion Author Albuquerque Posts:5,630 Points:1,555,685 Joined:Jun 2006	Message Posted: Nov 9, 2012 5:02:22 PM Ignore KillChain Report Abuse Too bad, All those jobs.
jimmy544 Champion Author Boston Posts:4,373 Points:680,580 Joined:Feb 2011	Message Posted: Nov 9, 2012 4:58:47 PM Ignore jimmy544 Report Abuse Yesterdays news!
MG_Sputnik Champion Author Philadelphia Posts:7,434 Points:1,986,845 Joined:Apr 2006	Message Posted: Nov 9, 2012 4:57:15 PM Ignore MG_Sputnik Report Abuse This is the 2nd day in a row they filed for bankruptcy. Does that mean they're back in business???
stevencr Champion Author Ohio Posts:5,792 Points:1,461,490 Joined:Mar 2009	Message Posted: Nov 9, 2012 4:49:32 PM Ignore stevencr Report Abuse With the poor economy world wide, it's going to be a tough way to go for a lot of businesses.
Gas4Gore Champion Author Detroit Posts:2,524 Points:444,225 Joined:Jan 2010	Message Posted: Nov 9, 2012 4:45:58 PM Ignore Gas4Gore Report Abuse Old news.
hwmillerster Champion Author Missouri Posts:6,924 Points:1,492,070 Joined:Oct 2008	Message Posted: Nov 9, 2012 4:45:53 PM Ignore hwmillerster Report Abuse It was to be expected, there is a lot of competition out there and Suzuki didn't have a remarkable product.
DABEE1073 Champion Author San Diego Posts:8,350 Points:1,599,810 Joined:Jun 2008	Message Posted: Nov 9, 2012 4:45:38 PM Ignore DABEE1073 Report Abuse Read it yesterday.
bababooey2 Champion Author Hartford Posts:6,487 Points:1,329,565 Joined:Sep 2009	Message Posted: Nov 9, 2012 4:45:19 PM Ignore bababooey2 Report Abuse There is cobweds setting in on this one.
jellybelly72 Veteran Author San Bernardino Posts:476 Points:323,180 Joined:Jul 2011	Message Posted: Nov 9, 2012 4:45:14 PM Ignore jellybelly72 Report Abuse I see
nigelb Champion Author Virginia Posts:8,592 Points:1,417,505 Joined:Feb 2008	Message Posted: Nov 9, 2012 4:44:24 PM Ignore nigelb Report Abuse Old news.
rte3tdi Rookie Author New Hampshire Posts:71 Points:465,560 Joined:Mar 2011	Message Posted: Nov 9, 2012 4:41:48 PM Ignore rte3tdi Report Abuse Will they still make a subcompact for GM?
CPGas1815 Champion Author Michigan Posts:6,034 Points:1,101,695 Joined:Apr 2008	Message Posted: Nov 9, 2012 4:40:39 PM Ignore CPGas1815 Report Abuse Old news.
fullauto Champion Author Reading Posts:5,425 Points:1,492,940 Joined:Apr 2008	Message Posted: Nov 9, 2012 4:40:02 PM Ignore fullauto Report Abuse not news
bobsalwaysmt Champion Author Long Island Posts:4,709 Points:268,240 Joined:Oct 2007	Message Posted: Nov 9, 2012 4:38:09 PM Ignore bobsalwaysmt Report Abuse OLD!
sydb7 Champion Author Atlanta Posts:3,656 Points:1,941,820 Joined:Mar 2003	Message Posted: Nov 9, 2012 4:38:05 PM Ignore sydb7 Report Abuse Old!
waynemustang Champion Author Indiana Posts:6,465 Points:1,690,260 Joined:Nov 2006	Message Posted: Nov 9, 2012 4:35:36 PM Ignore waynemustang Report Abuse Gone the way of the Oldsmobile, Pontiac, and Plymouth.
lunarrv15 Champion Author Cincinnati Posts:15,055 Points:2,409,110 Joined:Dec 2005	Message Posted: Nov 9, 2012 4:33:39 PM Ignore lunarrv15 Report Abuse okay...interesting thanks for posting
hallows Champion Author St. Louis Posts:4,833 Points:2,831,345 Joined:Jun 2004	Message Posted: Nov 9, 2012 4:25:09 PM Ignore hallows Report Abuse Old news!