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Goodbye American Suzuki, Hello Suzuki Motor of America as Chapter 11 Plan Gets Approval

The U.S. Bankruptcy Court has approved American Suzuki‘s Chapter 11 bankruptcy filing, allowing the company to begin its restructuring. As announced last November, Suzuki is getting out of the automobile business in the U.S.

Suzuki Reports 2012-2013 Fiscal Year Results

Suzuki reported an operating loss of 11.9 billion yen (US$117.1 million) from its motorcycle business for its fiscal year ended March 31, 2013. The loss stems from a 10.7% decrease in motorcycles sales and a 9.6% decline in motorcycle revenue from its 2012-2013 fiscal year. According to Suzuki‘s year-end report, motorcycles accounted for 230.3 billion yen in sales revenue, down 254.8 billion yen reported the previous year.

Day 7 Dakar 2014: Barreda Wins Another

After a day of rest, Sunday’s stage seven was characterized by rain during the night and a new Dakar country – Bolivia. After an early start at 4:30 in the morning, the first 62 miles of the special stage into Bolivia had to be shortened due to rain and poor visibility, low-hanging clouds that prevented the helicopters from taking off creating security issues. The route led across the Andes and towards the Bolivian border.