ASMC Dissolved — Long Live Suzuki Motor of America

04/02/2013 @ 12:59 pm, by Jensen Beeler1 COMMENT

ASMC Dissolved    Long Live Suzuki Motor of America Suzuki GSX R1000 Anniversary 635x407

Following its decision to leave the car-selling business and finishing its bankruptcy metamorphosis, American Suzuki Motor Corporation is now a defunct company, with Suzuki Motor of America officially taking over as Suzuki Motor Corporations’s wholly owned sole-distributor of Suzuki motorcycles, ATVs, marine engines, and automotive parts in the continental United States.

The official transformation took place on March 31st, and the changes have already been apparent, as the American Suzuki Motor Corporation contracts of 98 dealerships were not renewed by Suzuki Motor of America, meaning the new company started with 10% fewer dealerships than its predecessor.

Suzuki says that dealerships were dropped because of poor performance since the 98 dealerships represented 10% of Suzuki’s total dealerships in the USA, but only 2.5% of the company’s retail sales in the past 12 months. The addition of new dealerships in strategic locations is expected.

Suzuki Motor of America will now being settling all claims with dealers and creditors according to the agreed upon plan set forth during the bankruptcy proceedings.

Source: Suzuki

Comment:

  1. Norm G. says:

    re: “Suzuki Motor of America will now being settling all claims with dealers and creditors according to the agreed upon plan set forth during the bankruptcy proceedings.”

    yup, and this is the company everybody seems to think is going to magically return to the multi-million euro world of grandprix, nevermind being competitive once they’re there. “you’re leaving in dream world neo”. (morpheus voice)