|11-06-2012, 04:45 AM||#1|
Red Sox Nation
Joined: Oct 2004
Location: India Wharf
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.
Straight ahead and faster -Bo Weaver 1970
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