||11-06-2012 04:45 AM
American Suzuki Files Bankruptcy Reorg...
Thorough article in John's world.
Cliff notes say the car biz is sinking them. They'll stop paying their debtholders while refocussing on motorcycle and marine distribution, where apparently they are competitive. Suzuki Motor is not a part of the bankruptcy filing for some reason. I thought American Suzuki was a wholly owned subsidiary. It's probably explained in the article, but I rarely read anything longer than a paragraph. :lol3
D'oh.. 200 ppl out of work.. in a 250k city. Not exactly what Spain (or those 200 people) needs at the moment..
||11-06-2012 05:45 AM
Sorry to hear of this one. :puke1
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