Suzuki Motor of America Inc. (SMAI) has announced that company veteran Takeshi Hayasa has been appointed President to the American subsidiary, replacing the recently appointed Toru Muraki. According to a press release from SMAI, Mr. Hayasa has many years of experience serving as an executive with Suzuki Motor Corporation and his sales experience make him a vital asset to the company.
“We’re glad to have Mr. Hayasaki’s business experience and leadership as we plan for continued growth,” said Larry Vandiver, Suzuki’s Motorcycle/ATV Vice President. “The introduction of new products such as the Suzuki V-Strom 1000 ABS and the Burgman 200 ABS shows just part of our growth plan, and Mr. Hayasaki’s experience will help Suzuki Motor of America with these new products and much more.”
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.
Last week we reported to you that Suzuki Motor of America was set to cut 10% to 20% of its powersports dealerships, as a part of its corporate restructuring and bankruptcy of the now defunct American Suzuki Motor Corporation. Clarifying that news, Suzuki has given a clearer figure, saying that 98 of the company’s 930 dealers will be getting the axe. According to Suzuki, the roughly 10% of dealerships that did not see their contract assumed by Suzuki Motor of America accounted for only 2.5% of the company’s retail sales in the past 12 months (2.8% of retails sales in the past three years), making Suzuki’s actions more of a culling of the herd than anything else.
From the desk of the Honorable Scott C. Clarkson of the U.S. Bankruptcy Court for the Central District of California in Santa Ana, American Suzuki Motor Corporation’s plan for Chapter 11 bankruptcy has been approved. Overwhelmingly supported by the company’s creditors, American Suzuki can begin restructuring its business operations in the United States, which will include shutting down the company’s automotive endeavors. In turn, American Suzuki’s new business focuses on the company’s motorcycle, ATV, marine, automotive parts divisions, and will consist of a new wholy-owned subsidiary of Suzuki Motor Corporation. This new company will operate under in the United States under the new name: Suzuki Motor of America.