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Court approves Suzuki bankruptcy plan
Fri, 05 Apr 2013Suzuki has won approval for its Chapter 11 plan to stop selling cars in the US and concentrate instead on the company's powersports products. Judge Scott C. Clarkson of the US Bankruptcy Court for the Central District of California approved the plan after the company's creditors agreed to the conditions.
Suzuki will now sell its motorcycle, ATV and marine divisions to the newly minted Suzuki Motor of America subsidiary under the Suzuki name. The new company will be wholly owned by Suzuki Motor Company. This is the final piece of the company's restructuring puzzle.
The company says it will now be able to grow its powersports businesses here in the US and also provide auto parts and service to current Suzuki owners through what's left of the company's dealer network. You can check out the brief press release on the bankruptcy plan below.
Suzuki latest to admit to falsifying fuel economy tests
Wed, May 18 2016Suzuki is the latest automaker to be snagged in the broadening scandal of fuel economy falsification. Reuters reports that the head of the Japanese industrial giant admitted that it did not use the proper standards when testing its cars for fuel consumption. "The company apologizes for the fact that we did not follow rules set by the country," said CEO Osamu Suzuki (pictured bowing to reporters), as reported by Reuters. Over 2 million Suzuki vehicles are estimated to be affected. However Suzuki maintains that the company did not intentionally lie or mislead the public or government regulators about its vehicles' economy figures. Japan's transport ministry has ordered domestic automakers to resubmit those figures this week. Though Suzuki withdrew from the North American automobile market nearly four years ago, it remains the fourth largest in Japan (following Toyota, Nissan, and Honda) with particular sales strength in the Kei car segment. Like Honda and Yamaha, the company makes a variety of motorized products, including motorcycles, ATVs, and marine engines. The revelation follows hot on the heels of Mitsubishi's falsification, which broadened in scope from a few Kei cars to every vehicle it has sold in Japan stretching as far back as 1991. The controversy lead to Nissan taking control of a third of Mitsubishi's stock. Prior to that, and on the other side of the world, Volkswagen admitted to engineering its diesel vehicles to cheat emissions tests. Government regulators around the world have launched investigations into numerous other automakers to see how much farther the growing epidemic of falsifying environmental credentials can spread. Related Video:
2023 Japan Mobility Show Mega Photo Gallery: All the highlights and reveals from Tokyo
Fri, Oct 27 2023The 2023 Japan Mobility Show managed to serve up a surprise heap of exciting and futuristic designs and production reveals. Our staff was on the ground in Tokyo for this year's show, where we captured not just all of the latest automotive trends, but some genuinely weird and fascinating stuff. Browse: Some Delightful Oddities of the 2023 Japan Mobility Show But on to the cars. This year's show featured introductions from Daihatsu, Honda, Lexus, Mazda, Mitsubishi, Nissan, Subaru, Suzuki and Toyota. Some are weird; some are wild; most are probably destined to change significantly before production or merely fade into the void with the rest of the industry's vaporware, but if even a few of these make it to showrooms, we'll consider it a win. Scroll on down for our live galleries of each of the show's major debuts (and cars we're only now seeing in person for the first time). Enjoy! BMW X2 and iX2 BMW X2 View 6 Photos Daihatsu me:MO Concept Daihatsu me:MO concept View 14 Photos Daihatsu Vision Copen Concept Daihatsu Vision Copen View 7 Photos Daihatsu Osanpo Concept Daihatsu Osanpo View 6 Photos Daihatsu Uniform Concept Daihatsu Uniform concept View 6 Photos Honda Prelude Concept Honda Prelude concept View 5 Photos Honda Sustania-C and Pocket Concepts Honda Sustania-C and Pocket Concept View 8 Photos Honda CI-MEV Concept Honda CI-MEV View 3 Photos Infiniti Vision Qe Concept Infiniti Qe concept View 14 Photos Lexus LF-ZC Lexus LF-ZC View 8 Photos Lexus LF-ZL Lexus LF-ZL View 10 Photos Mazda Iconic SP Mazda Iconic SP concept View 8 Photos Mitsubishi D:X Concept Mitsubishi D:X Concept View 8 Photos Nissan Hyper Force Concept Nissan Hyper Force concept View 11 Photos Nissan Hyper Tourer Concept Nissan Hyper Tourer concept View 6 Photos Nissan Hyper Punk Concept IMG_6533 copy View 8 Photos Subaru Sport Mobility Concept Subaru Sport Mobility Concept View 7 Photos Suzuki Swift Suzuki Swift View 5 Photos Suzuki eWX Suzuki eWX Concept View 3 Photos Suzuki eVX Suzuki eVX concept View 4 Photos Toyota Land Cruiser Se Concept Toyota Land Cruiser Se concept View 4 Photos Toyota FT-3e Concept Toyota FT-3e View 6 Photos Toyota FT-Se Concept Toyota FT-Se View 7 Photos Tokyo Motor Show Honda Infiniti Lexus Mazda Mitsubishi Nissan Subaru Suzuki Toyota