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Suzuki Quitting Car Business in Canada by 2014

When American Suzuki announced it was filing for Chapter 11 and dropping out of the U.S. automobile market last November, its counterparts in Canada said it would continue to sell cars for that market. It now appears that will only last for one more year, as Suzuki Canada announced it would also stop selling cars following the 2014 model year to focus on its powersports operations.

2012 Suzuki Boulevard C50T Classic Announced

During Suzuki’s annual dealer meeting the company reported that cruiser sales at large are down 6.2% YTD. However, Suzuki says its cruiser sales are up 12.5%, and in an effort to keep riding this wave that’s handily outpacing the rest of the cruiser market, the company announced the addition of the Boulevard C50T Classic. While the Classic is a carbon copy of the C50T, it does away with the C50T’s standard windshield, passenger backrest and saddlebags.

Suzuki Reports 2011-2012 Results

Suzuki declared a loss of 2.4 billion yen (US$30.0 million) from its motorcycle division over the fiscal year ended March 31, 2012. Though still a loss, it’s an improvement on the loss of 10.8 billion yen reported the previous year. Suzuki attributes the loss to an appreciating yen and the financial impact from heavy flooding in Thailand.