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Humm, Suzuki motors going bankrupt in the US.
Posted: Tue Nov 27, 2012 5:01 pm
by serpa4
What does this mean for my 2012 150DF engine?
On 5 Nov, the debtor filled a voluntary petition for relief under chapter 11 of title 11 of US code 11....
Re: Humm, Suzuki motors going bankrupt in the US.
Posted: Tue Nov 27, 2012 5:55 pm
by Bamaman
What's going bankrupt is the U.S. Suzuki automobile sales and marketing corporation. The bankruptcy has nothing to do with motorcycles, marine products or automobiles sold in other parts of the world. They will continue in business as usual.
Suzuki cars will continue to be manufactured, but they're just not going to be sold here. It'll take until the middle of 2013 before the current inventories are retailed. I would look for some really, really good buys in new Suzuki's. On the other hand, what'll you do when a part is needed--or a fender on a wrecked car?
Our local dealer was one of the few that was invited to a small dealer meeting in California this week, and our newspaper had an article today to set the record straight.
When foreign automobile manufacturers set up shop in the U.S., they didn't have marketing organizations and they were just small auto companies. Companies like Toyota contracted with maybe 5 or so distributors to market their products regionally. Over the years, Toyota bought out some of these marketing companies. SE Toyota Distributors was owned by Jim Moran in Jacksonville, and they reached as far as Tennessee and Kentucky. Moran's family still owns the business, and they're famous for adding unwanted crap--like paint sealant packages and undercoating--to every car distributed by them. Toyota made the Moran family billionaires, and they had a # of Gulfstream Jets and Broward yachts to show for it. It's this kind of company that U.S. Suzuki was--legally separate from the big Suzuki in Japan.
Re: Humm, Suzuki motors going bankrupt in the US.
Posted: Wed Nov 28, 2012 4:45 pm
by serpa4
Bamaman wrote:What's going bankrupt is the U.S. Suzuki automobile sales and marketing corporation. The bankruptcy has nothing to do with motorcycles, marine products or automobiles sold in other parts of the world. They will continue in business as usual.
Suzuki cars will continue to be manufactured, but they're just not going to be sold here. It'll take until the middle of 2013 before the current inventories are retailed. I would look for some really, really good buys in new Suzuki's. On the other hand, what'll you do when a part is needed--or a fender on a wrecked car?
Our local dealer was one of the few that was invited to a small dealer meeting in California this week, and our newspaper had an article today to set the record straight.
When foreign automobile manufacturers set up shop in the U.S., they didn't have marketing organizations and they were just small auto companies. Companies like Toyota contracted with maybe 5 or so distributors to market their products regionally. Over the years, Toyota bought out some of these marketing companies. SE Toyota Distributors was owned by Jim Moran in Jacksonville, and they reached as far as Tennessee and Kentucky. Moran's family still owns the business, and they're famous for adding unwanted crap--like paint sealant packages and undercoating--to every car distributed by them. Toyota made the Moran family billionaires, and they had a # of Gulfstream Jets and Broward yachts to show for it. It's this kind of company that U.S. Suzuki was--legally separate from the big Suzuki in Japan.
Thank God, thanks.