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.

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