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Suzuki has to take out $45M loan just to shutter US dealers

Bloomberg reports American Suzuki is set to borrow up to $45 million to to close its automotive dealerships and freshen up its it motorcycle and marine business. Suzuki Motor Corporation will loan American Suzuki the funds at three percent below the London Interbank offered rate in order to offer dealer owners a cash payment in exchange for voluntarily abandoning franchise agreements. The company's 216 dealers have 10 days to make a decision on the matter. Under the plan, Suzuki would give dealer owners half of what they're owed in one lump sum, and the dealers would then be able to pursue the remaining debt through the company's bankruptcy procedure.
U.S. Bankruptcy Judge Scott C. Clarkson granted American Suzuki interim authority to borrow the funds, but Bloomberg reports the company will likely return to court in a few weeks to seek up to $100 million. According to Richard Pachulski, a lawyer for Suzuki America, the automaker may owe its dealers somewhere around $50 million.

Suzuki recalling 23k GSX-R750 and GSX-R1000 bikes to replace chain adjuster

Suzuki is known for having a pair of very capable sportbikes in its GSX-R750 and GSXR-1000, but now the Japanese company is recalling 23,073 of them in the US to replace the chain adjuster. Specifically, the campaign affects 2011-2014 model year versions of the 750 and the 2009-2014 1000.
According to documents from The National Highway Traffic Safety Administration, the problem can occur if riders miss a gear while upshifting. It's possible that the following shift might put enough added strain on the drivetrain to move the rear axle. This can damage the left-side chain adjuster. If there's too much harm done to the part, then the chain could potentially slip off the bike, leaving the powerless bike more vulnerable to a crash.
To fix the problem, Suzuki dealers will "replace the left-side adjuster with an improved part" that will be heat-treated to be stronger. Scroll down to read the full recall report.

Suzuki previews Crosshiker, X-Lander, Hustler ahead of Tokyo

With the Tokyo Motor Show looming on the horizon, Suzuki has revealed a trio of concept cars it will present at the expo.
First up is the Crosshiker concept, a compact crossover that looks good enough in metallic red, but in its essence reminds us of the oft-maligned X-90 convertible crossover coupe. Based on the G70/Regina concept, the Crosshiker packs a 1.0-liter three-cylinder engine into a compact form that weighs just 1,785 pounds.
Next comes the X-Lander, which strikes us as a smaller take on the formula espoused by the Isuzu VX-02 or Land Rover DC100 Sport concepts. Unfortunately based on the Jimny, the white X-Lander incorporates a 1.3-liter engine with a robotized manual and four-wheel drive into a high-riding, chopped-windshield convertible sport-ute form.