American Suzuki Files for Bankruptcy Protection, Will Stop Selling Cars in the U.S.


By Elaine Silver for The Auto Channel

San Francisco, CA--November 6, 2012: American Suzuki is closing up shop in the United States. So says the documents filed in Washington, DC at the U.S. Bankruptcy Court. The court papers say that Suzuki's liabilities extend from $100 million to almost $500 million. And, there are up to 5,000 businesses awaiting payments from the company. This concludes the brand's decline since General Motors announced it was selling the remainder of its stake in Suzuki in 2008.

Some dealerships will be closed, the company says, and others will be converted into repair shops. After the shakeout, American Suzuki will be concentrating on its non-car businesses: motorcycles, ATVs and marine engines.

When it emerges from bankruptcy, the company will keep the American Suzuki Motor name.

Suzuki's U.S. sales have been slow. While other car manufacturers' sales have been going gangbusters, Suzuki reported that it sold just over 2,000 cars in October, which was up just 5% from the same month last year. Suzuki's Grand Vitara sport utility vehicle was the star with a 64% jump in sales last month, although the exact number of cars has not been released.

Home | Buyers Guides For Every Auto Make | New Car Buyers Guide | Used Car Super Search | Total New Car Costs | 2016-1993 Car Reviews Truck Reviews
1996-2016 Automotive News | TACH-TV | Media Library | Discount Auto Parts

Copyright © 1996-2016 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by The Auto Channel, LLC and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | XML SITE MAP | Affiliates

Send your questions, comments, and suggestions to

Submit Company releases or Product News stories to
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: