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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.

It's a hard knock life for a N"urburgring rental car

Rental cars get no respect. They're abused, misused and flogged mercilessly as athletes in Rental Car Olympics. And that's just at your everyday airport rental counter. The torture gets extreme for rental cars thrashed around Germany's infamous Nürburgring.
Rent4Ring expects its customers to drive its cars around the 'Ring with enthusiasm and, in some cases, less skill than the pros. Rent4Ring just recently retired its Suzuki Swift Sport from its fleet and shared the car's two-year-plus lifetime highlights.
The little hatchback made more than 2,800 laps of the 'Ring over three seasons amounting to more than 310,000 miles driven by 457 different drivers. "Some were fast, some were slow. Some were nice to the car, a few were frankly awful," says a Rent4Ring rep.

Suzuki previews e-Survivor concept, the cutest ute yet

If you've ever thought of Suzuki as a whimsical manufacturer of small or smallish vehicles, you're going to like what the manufacturer plans to show at the upcoming 45 th Tokyo Motor Show. The e-Survivor Concept reimagines the classic Suzuki jeep as an all-electric vehicle, and it's filled with interesting styling cues both retro and futuristic. The e-Survivor is not only lightweight in construction, it also looks like it, with vestigial wheelarches and see-through doors. The electric motors are housed in the wheels, leaving the ladder-frame construction able to be as skinny as possible. The dashboard houses large screens showing infotainment controls, navigation settings and the vehicle itself, and there are rear-view cameras in place of mirrors. According to the manufacturer, the e-Survivor is a compact SUV of "the next age," which could even hint of an electric 4x4 being the way for Suzuki to survive in this century — or in its second century: the company is 100 years old in 2020, and its concepts show what Suzuki sees beyond that. Perhaps something from the e-Survivor will make production after 2020; independent wheel-mounted electric motors would certainly suit a small, light SUV. Other exhibits are the "tall miniwagon" Spacia Concept, the XBEE crossover available in several different guises, the friendly-looking Carry Open-Air Market Concept and a "neo-retro styled" SV650X bike. Related Video: