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Suzuki Files Chapter 11

From an American Suzuki Motor Corporation press release: AMERICAN SUZUKI MOTOR CORPORATION (“ASMC”) ANNOUNCES RESTRUCTURING AND REALIGNMENT TO FOCUS ON MOTORCYCLES/ATV AND MARINE DIVISIONS ASMC to wind down and discontinue new automobile sales in continental U.S. Consumers will be protected and all warranties will continue to be fully honored BREA, Calif., Nov. 5, 2012 – American Suzuki Motor Corporation (“ASMC” or “the Company”), the sole distributor in the continental United States of Suzuki Motor Corporation (“SMC”) automobiles, motorcycles, all-terrain vehicles and marine outboard engines, today announced that it plans to realign its business to focus on the longterm growth of its Motorcycles/ATV and Marine divisions.

Dropped Suzuki Dealerships Represented Only 2.5% of Retail Sales

American Suzuki raised some eyebrows after news broke yesterday the company was cancelling franchise agreements with numerous dealerships in the U.S. The company was already under close scrutiny after making the bold decision to quit selling cars to focus on powersports when it filed for Chapter 11 in November. Reducing its dealer network appears to go against that idea, at least on the surface.

2011 Isle of Man TT Recap

The Isle of Man TT usually provides a lot of drama, and this year’s event was no different. John McGuinness, second on the all-time TT wins list, added two more wins to his resume to win the Joey Dunlop Trophy while MotoCzysz once again fell just short of taking the bounty for being the first electric motorcycle team to record a 100 mph lap on the Mountain Course. The 2011 Isle of Man TT also had its share of tragedy with three racing fatalities.