Skip to comments.Suzuki to end car sales in US
Posted on 11/05/2012 5:46:20 PM PST by nascarnation
American Suzuki Motor Corp, the sole distributor of Suzuki Motor Corp (7269.T) vehicles in the continental United States, will file for Chapter 11 bankruptcy protection with $346 million in debt, of which $173 million is owed to Suzuki group companies, it said. Japan's No. 4 automaker said in a statement that it would be unable to maintain profitability in its automobile business in the United States, given the currency rate and its automobile lineup, made up primarily of small cars. American Suzuki, which sold 2,023 vehicles in the United States last month, plans to compensate car dealers as it phases out automobiles to focus on motorcycles, ATVs and marine boat products. Shares of Suzuki were down 1.7 percent at 1,802 yen in early morning trade.
(Excerpt) Read more at reuters.com ...
But Liberals told me America wants small cars.
Those are the cars that people want. The greenies said so.
Never fear, there will be an EO to send them stimulus money.
What happened to Mitsubishi? Eclipse cars used to be everywhere?
They've all been achieved.
I mean, seriously.
I remember the first Suzuki auto I ever saw (1974). It looked like a Samurai but was a two cylinder two cycle engine in it.
The first Toyota auto I saw looked like a washing machine on wheels.
From what I heard of the crappy quality of Mitsu, they are mostly in junkyards by now, other than a few riceboyz still tormenting the turbo models.....But being hand grenades, they will not last long either.
My wife can’t pronounce Mitsubishi. I refuse to buy a car whose name she can’t pronounce.
In 1966, a rival Japanese car company was using this jingle:
Toyota--a name you can't remember, a car you can't forget.
I wonder how this will affect the motorcycle division?