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American Suzuki gets $100M in financing to go out of business... buy more cars?

American Suzuki Motor Corporation (ASMC), which declared bankruptcy in early November, has been approved by the courts for up to $100 million in debtor-in-possession financing to enable it to shutter its US car business. ASMC had received a $45 million loan from the Japanese parent company, Suzuki Motor Corporation (SMC), last month in order to make repayment deals with its franchise dealers. At the same time, ASMC was awaiting final court approval of this larger loan.
Out of the newly approved funds, $50 million can be used for operations, and oddly, the other $50 million can be put toward purchases of new inventory from SMC. That's right, even as existing inventory was headed for a smooth exit with the help of incentives, customer demand for orphan Suzuki models is so strong - last month's sales were up 22 percent compared to 2011 - that ASMC plans to purchase 2,500 additional cars from SMC that were built after the bankruptcy announcement. Good news for the owners of those vehicles: the top 50 dealers, representing more than 98 percent of ASMC sales, will become parts and services centers.
The press release below has more information. Unlike its recent tenure here, the end of Suzuki cars in the US looks like it's going rather well.

2013 Suzuki SX4 gets new generation to carry on without us [w/video]

Despite the fact that the coffin has been sealed on Suzuki's US automotive arm, the brand is carrying on elsewhere in the world. The first new product to spearhead the Japanese automaker's product offerings in Europe is this SX4 crossover, making its official debut here at the 2013 Geneva Motor Show. You may remember the little SX4 as the cheapest all-wheel-drive car on sale in the US, packing cute styling and efficient, affordable packaging. And it doesn't appear that the formula has changed too much for this new generation, despite what we think are less attractive new duds derived from Suzuki's 2012 S Cross Concept.
The new SX4 is powered by a choice of two 1.6-liter engines - one diesel, one petrol - the former mated to a six-speed manual transmission while the latter uses a CVT with a "seven-speed manual mode" operated by steering wheel-mounted paddles. All-wheel drive remains intact on the SX4, now with four driver-selectable modes and the Allgrip name.
Suzuki is touting the SX4 as having the world's first double sliding glass sunroof, offering "the largest opening areas" in the segment. Overall, the updated interior looks nicely designed and quite functional, though not exactly a shining beacon of refinement.

The Suzuki Jimny is even more awesome with these retro graphics

We already were pretty smitten by the Suzuki Jimny, the pint-sized 4x4 that, sadly, U.S. buyers can only look on from afar. It manages to remind us of its ancestors, the Suzuki Samari and Sidekick (small and basic 4x4s for which collectors and off-roaders are rapidly developing a keen appreciation). At the same time, it also rocks its own modern, mini-G-Wagen vibe. Now Suzuki has rolled out a batch of available decal packages for the Jimny, and we're digging it all the more. As surfaced by Motor1, Suzuki's catalog of accessories for the Jimny includes graphics packages in several different themes. The Offroad style includes tri-color red/gray/black stripes for the top and sides of the hood and under the rear side windows. The wide, lower-body REAL OFFROAD graphic is in red and black, while the finishing touch is a rhino decal for just above the Jimny badge on the tailgate. The Survival style appears to be some kind of camo pattern in black that is applied in a wide band along the upper bodysides. Heritage style ups the retro factor. It features red and gray upper body stripes on a white Jimny. Full the full look, you'll want the hard-shell exterior spare-wheel cover with matching graphics and the red mud flaps. The piece-de-resistance is the Revival style, which embraces the rad Eighties with a white/pink/black zig-zag squiggle on the doors and rear fenders that could have been lifted straight from a Samari. The matching hard-shell spare-wheel cover is a must. All of these prove yet again that the boxy, basic Jimny makes an ideal canvas for customization, and there are plenty more accessory items in that catalog. But we're not going to torture ourselves any further. Featured Gallery Suzuki Jimny decals and accessories Design/Style Suzuki SUV Off-Road Vehicles