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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.

Motorcyclist lucky to escape with life after 100-mph crash

A motorcyclist tried to run from the California Highway Patrol in San Diego in the wee hours of February 9, but things didn't quite work out as he planned. In fact, the fleeing rider is lucky to be alive after colliding with a Kia at over 100 miles per hour during, ending, rather abruptly, the pursuit. The video on The San Diego Union-Tribune below shows the collision, but you might need to watch it a few times to see what happens. The bike shoots by in a flash, and then there are suddenly sparks when the cycle hits the rear of the car. Watch the left side of shot to see the rider standing by the median after the crash. Police quickly arrive to the scene to apprehend him. The guy is wearing a helmet but understandably appears to be in pain after the high-speed accident. The crash ripped the front end off the rider's Suzuki, but the Kia's driver wasn't harmed – though clearly shaken. According to the San Diego Union-Tribune, police took the motorcycle rider to the hospital to treat undisclosed injuries. What's Now: A motorcyclist going at least 100 mph slammed into the back of a car on I-805 early this morning. Remarkably, he was left standing on his own two feet before being arrested. Story: sdut.us/1TaOjDM Posted by The San Diego Union-Tribune on Tuesday, February 9, 2016 Related Video:

Funning around with ZF's Smart, Advanced Urban Vehicles

ZF has a lot of experience building various electric vehicle parts, including transmissions, but it doesn't put them all together into one cute little package that often. The ZF Advanced Urban Vehicle changes that, and shows what the company can do when it takes bits and pieces of its admittedly cool tech and throws them all into the shell of an old Suzuki Swift. We got to control the all-electric beast at an event in Germany this summer, using nothing but a connected iPad. There were three headline technologies on the AUV (also called the Smart Urban Vehicle): the remote control Smart Parking Assist function, the all-electric rear-axle drive electric Twist Beam (eTB), and the PreVision Cloud Assist. PreVision Cloud Assist ZF had a short track set up for us to try out the PreVision Cloud Assist. The first time around the track, nothing was different. It's not supposed to be. The trick with Cloud Assist is that the car saves real-world driver interactions into its memory and, with the addition of GPS coordinates, starts to learn how to drive the route. Go to work the same way every day? If you're being assisted by a cloud, then all you have to do is steer. The car learns how fast it can take a turn and when it needs to slow down, with the idea here is to let the car move when it can, increasing the efficiency and range of an EV. You're still in charge in case of traffic ahead, but in open road circumstances, you won't need to touch the brakes or the gas. Just the steering wheel. On my second time around the demo track (which had data from other drivers who had tested the car earlier in the day), I kept my feet off the pedals, and the darn thing worked. It slowed me down when necessary to make a curve, but kept me at a brisk pace that felt a bit too fast but was in fact totally appropriate. Electric Twist Beam There's another bit of cool tech hidden near the front wheels. The car uses a MacPherson strut that was modified to offer a wider steering angle, up to 75 degrees, to be exact. ZF calls this the electric Twist Beam (eTB), and it gives the car an incredibly tight turning radius, about 6.5 meters. An axle like this could go into an EV or an ICE vehicle, but it makes a lot of sense in an electric car since it does have a major problem: it can't be powered. No worries, thought ZF engineers, who made the little SUV rear-wheel-drive by adding two electric motors.