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-   -   American Suzuki Files Bankruptcy Reorg... (http://www.advrider.com/forums/showthread.php?t=839339)

Pantah 11-06-2012 03:45 AM

American Suzuki Files Bankruptcy Reorg...
 
Thorough article in John's world.
http://www.roadracingworld.com/news/...?article=50221

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

Kropotkin 11-06-2012 04:22 AM

Just saw they closed their motorcycle production factory in Spain as well. Hard times... http://www.motoworld.es/actualidad/i...n-en-2013.html

K0m4 11-06-2012 04:36 AM

D'oh.. 200 ppl out of work.. in a 250k city. Not exactly what Spain (or those 200 people) needs at the moment..

Unstable Rider 11-06-2012 04:45 AM

Sorry to hear of this one. :puke1


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