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American Suzuki Motor Corp to become Suzuki Motor of America, Inc.

U.S. Bankruptcy Court approves Chapter 11 restructuring plan that involves closure of struggling automotive sales division and “selling� the motorcycle/ATV/marine division to newly created Suzuki Motor of America, Inc.The U.S. Bankruptcy Court for the Central District of California in Santa Ana and creditors of American Suzuki Motor Corp approved the company’s Chapter 11 restructuring plan, paving the way for closing down its struggling automotive sales division, and the “sale� of its motorcycle/ATV/marine division (as well as the automotive parts and service, as Suzuki will continue to support current owners of Suzuki automotive product in the U.S.) to its new namesake, Suzuki Motor of America, Inc. The new U.S. company will still be a wholly owned subsidiary of the parent Suzuki Motor Corporation in Japan. The process is expected to begin on March 31, 2013.

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Photo Gallery: American Suzuki Motor Corp to become Suzuki Motor of America, Inc. - Sport Rider Magazine


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