News

ASMC Dissolved — Long Live Suzuki Motor of America

Google+ Pinterest LinkedIn Tumblr

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

Comments