American Suzuki Files for Bankruptcy Protection

By Bud Wilkinson of RIDE-CT.com

Brea, CA-based American Suzuki Motor Corp. filed for Chapter 11 bankruptcy protection today and announced it will stop selling automobiles in the United States. The company, which makes small cars and sport utility vehicles, including the Grand Vitara (pictured),  estimated that its debts and liabilities may total anywhere from $100 million to as much as $500 million. Poor cars sales are the primary reason for the filing. Suzuki will continue in the power sports arena, selling motorcycles, ATVs and boat engines. Bob Golfen of SpeedTV.com reports that Suzuki motorcycle and marine operations are separate from the car entity and will not be affected by the bankruptcy.