Suzuki exits U.S. auto sales

  • 06-Nov-2012 10:43 EST

Low sales volumes and "disproportionally high and increasing costs associated with stringent state and federal regulatory requirements unique to the U.S. market" are among the reasons cited by American Suzuki Motor Corp. (ASMC) for deciding to end sales of Suzuki automobiles in the continental U.S. ASMC, a subsidiary of Suzuki Motor Corp. of Hamamatsu, Japan, announced on Nov. 5 that it also is filing for Chapter 11 bankruptcy protection and will focus on its other product lines: motorcycles, ATVs, and marine products. The company promised to honor all Suzuki automobile warranties and to ensure supply of replacement parts. ASMC sold 2,023 units in October. Additional reasons cited by ASMC for ending automobile sales include a limited number of models and unfavorable foreign exchange rates.

Share
HTML for Linking to Page
Page URL
Grade
Rate It
5.00 Avg. Rating

Read More Articles On

2017-01-08
Kia's racy 2018 Stinger is the brand's first rear-drive and AWD sedan.
2017-01-09
CEO John Krafcik told the Automobili-D audience in Detroit that Waymo is building its own hardware suite with a fully top-to-bottom, full-stack approach. The classic auto industry vertical integration includes all vision sensors, radars and LiDAR, along with related “AI compute” artificial-intelligence platform.
2017-03-17
Experts serve cautionary tales for connected cars while discussing potential cyber solutions.
2017-03-17
The geographic and system expansion of the supply base includes an influx of China and India-based suppliers quietly setting up shop in North America – mainly in Mexico and the U.S.

Related Items

Technical Paper / Journal Article
2010-04-12
Standard
1987-02-01
Training / Education
2017-10-31
Training / Education
2017-10-23
Article
2017-03-17