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  #1  
Old 11-06-2012, 08:30 AM
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Default Big news about Suzuki..

Big news in motorsports industry: American Suzuki Motor Corp. is filing for Chapter 11 protection in bankruptcy court, reportedly to do with their withdrawal from the auto business. Press release says they will now focus on motorcycles, ATV's and the outboard marine business. Not sure why they had to file bankruptcy to do that, so we'll see in the months ahead what's going on and how it will effect all aspects of their business.


Don Emde posted this on facebook....
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Old 11-06-2012, 09:33 AM
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OOPS....I now see a more developed thread on same subject.
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Last edited by Rick505; 11-06-2012 at 09:37 AM.
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Old 11-06-2012, 01:59 PM
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Bankruptcy is a way to abrogate contracts. Otherwise, they'd have to buy out all the contracts they have with dealerships, warehouses, transporters, etc.

Chapter 11 bankruptcy is a way for a company to reorganize their business and their contracts and debt to remain an ongoing business. Chapter 7 is liquidation.
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