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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.

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.

Suzuki Developing 1000cc Prototype – MotoGP Return in 2014 Still Possible

The first MotoGP pre-season test at Mayalsia’s Sepang circuit is complete, with Ducati, Honda and Yamaha‘s factory and satellite teams, as well as a handful of CRT entries, collecting data for the next stage of their race prototypes’ development. Absent from testing was Suzuki which announced last November it was leaving MotoGP racing. Suzuki cited the recession, the rising value of the Japanese yen and the natural disasters afflicting Japan in 2011 as reasons for leaving MotoGP, but the manufacturer did say it intended to return in 2014.