Suzuki to withdraw from U.S. car sales business due to strong yen
13:40, 6 November 2012
TOKYO. November 6. KAZINFORM Suzuki Motor Corp. said Tuesday it will terminate car sales in the United States, withdrawing from the unprofitable business amid the strong yen to concentrate its resources on other products including motorcycles.
The Japanese automaker said its wholly owned U.S. subsidiary American Suzuki Motor Corp. has filed for Chapter 11 bankruptcy protection. The company will end sales of its cars in the U.S. mainland as soon as when it runs out of inventory, Kyodo reports.
Established in 1963, ASMC sells cars and motorcycles in the whole of the United States except Hawaii. But the automaker has apparently judged it difficult to maintain profitability in the car business there with its lineup focusing on smaller models.
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