Official: Suzuki Chapter 11 bankruptcy plans approved by US court

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Suzuki Kizashi

It’s pretty much a done-deal now, folks. A US bankruptcy judge has approved Suzuki’s plans to wind down its operations in the States. As part of Suzuki’s Chapter 11 proceedings, its automotive unit will cease to exist in the US, leaving the motorcycle, ATV and marine units to function as Suzuki Motor of America.

It’s not clear how many vehicles are left on the 219 remaining Suzuki dealership lots – the company reported sales of 1,764 in February – but the automaker has assured customers that warranty service and parts will remain available. Suzuki made an investment of $45 million to ensure its past and current customers aren’t completely left in repair-work limbo.

Check out the complete announcement from Suzuki below for more information, and please join us in mourning the loss of the Kizashi sedan and SX4 hatch, two vehicles we are legitimately going to miss when this whole sordid affair is done and over with.

Continue reading Suzuki Chapter 11 bankruptcy plans approved by US court

Suzuki Chapter 11 bankruptcy plans approved by US court originally appeared on Autoblog on Tue, 05 Mar 2013 06:58:00 EST. Please see our terms for use of feeds.

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