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 deale
So is it time to start the Suzuki dead pool? Automotive News seems to think so. While the newspaper doesn't go as far as suggesting that Suzuki is not long for the American market, it has compiled a depressingly long list of signs that the company is on its last legs here.