It's pretty much a done-deal now, folks. A US bankruptcy judge has approved Suzuki's plans to wind down its operations in the States. As part of Suzuki's Chapter 11 proceedings, its automotive unit will cease to exist in the US, leaving the motorcycle, ATV and marine units to function as Suzuki Motor of America.

It's not clear how many vehicles are left on the 219 remaining Suzuki dealership lots – the company reported sales of 1,764 in February – but the automaker has assured customers that warranty service and parts will remain available. Suzuki made an investment of $45 million to ensure its past and current customers aren't completely left in repair-work limbo.

Check out the complete announcement from Suzuki below for more information, and please join us in mourning the loss of the Kizashi sedan and SX4 hatch, two vehicles we are legitimately going to miss when this whole sordid affair is done and over with.
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Court Approves American Suzuki Motor Corporation's Chapter 11 Plan

BREA, Calif.--(BUSINESS WIRE)--American Suzuki Motor Corporation (the "Company") today announced that the Honorable Scott C. Clarkson of the U.S. Bankruptcy Court for the Central District of California in Santa Ana approved the confirmation of the Company's Chapter 11 Plan, which creditors overwhelmingly accepted. Confirmation of the Plan clears the way for the Company to complete its restructuring process, which is expected to occur on March 31, 2013.

"Today's confirmation is a significant milestone and is one of the last remaining steps in our realignment and restructuring process"

As previously announced, the Plan approved the Company's sale of its Motorcycles/ATV and Marine divisions and Automotive parts and service operation to a newly organized, wholly-owned subsidiary of Suzuki Motor Corporation. The subsidiary will operate in the continental U.S. as Suzuki Motor of America, Inc. and will use the Suzuki products brand name

"Today's confirmation is a significant milestone and is one of the last remaining steps in our realignment and restructuring process," said M. Freddie Reiss, the Company's Chief Restructuring Officer. "During the next few weeks, we will take final steps to implement the Plan, which will allow the Company to sell its Motorcycles/ATV, Marine, Automotive parts and service divisions. This will promote the long-term growth of the Motorcycles/ATV and Marine divisions, as well as providing automotive parts and service through the dealer network."

A copy of the Plan is available at www.omnimgt.com. Additional information regarding Company's business realignment can be found at the following website, www.suzuki.com, or via an information hotline at 1-877-465-4819.


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    • 1 Second Ago
  • 15 Comments
      Edward
      • 1 Year Ago
      My neighbor, after much consideration, bought a Kazashi last year. Not enough consideration, as it turns out.
        tinted up
        • 1 Year Ago
        @Edward
        Some of the best cars in the world are out of production. Not saying Kazashi is in that list, but still.
      Travis C. Vasconcelo
      Having owned a total of 3 Suzukis over a period of 15 years I have to say they were as reliable and durable as any Toyota or Honda. Suzuki never seemed to find its way in the US and that is too bad, for we lost a very good automaker out of the deal. I place all the blame on GM because just when Suzuki was starting to find favor with through good warranties and cars like Grand Vitara,Esteem, and Aerio they used their power to saddle them with left over Daewoo crappo cars (The Forenza, Reno, and Verona) which ruined their very new good reputation in the states. Here's hoping Suzuki comes back strong with a good line up soon! I know the Swift could have been the goose that laid the golden egg for them....if only they had the resources to give it a try. Perhaps the botched relationship with VW is why they didn't.
        riserburn99andre
        • 1 Year Ago
        @Travis C. Vasconcelo
        When there is someone to blame, blame GM right? Not on the lack of marketing, lack of available content, lack of development on vehicles. They had a good chance to make it here and instead of trying to develop what they had here they gave up
      Fonin
      • 1 Year Ago
      Too badm the Kizashi looked like it was a decent car, good looks and packaing.
      MistyGreen
      • 1 Year Ago
      What a shame. It's a good lesson for the rest of the market though, that without a good reputation for quality, nothing you build will sell. Of course, having dealerships helps.
      Jobu
      • 1 Year Ago
      Sianara Suzuki. Killed by the Koreans, missed by few.
      jtav2002
      • 1 Year Ago
      There's never been a Suzuki car I would have even considered buying. There cars have always seemed okay or mediocre. Luckily their other divisions that are remaining in NA make good products. Their 4 stroke marine outboard is probably the best 4 stroke in the industry right now.
        tinted up
        • 1 Year Ago
        @jtav2002
        Most of what people associate as a Suzuki car is a Korean POS. My buddy has an old esteem that has been to hell and back, hell he even tows a small BOAT with the poor little thing, it absolutely refuses to give up. Some cars have souls, Korean ones don't bwahahahaha
      Teleny411
      • 1 Year Ago
      How are they going to honor warranties if they have structure left?
      FIDTRO
      • 1 Year Ago
      Good riddance. I hope this happens to all the other crappy Asian automakers.
      • 1 Year Ago
      [blocked]
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