Suzuki to Exit U.S. Car Market After Almost Three Decades
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11/29/2012 11:51 AM
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Suzuki to Exit U.S. Car Market After Almost Three DecadesQuoting: G3
Suzuki Motor Corp. will pull out of the U.S. car market after almost three decades, following Saab Automobile and Isuzu Motors Ltd. among automakers making their exits after failing to earn profits in the country.
Suzuki will stop the sale of new automobiles in the U.S., though it will continue offering motorcycles, all-terrain vehicles and boat motors, the Hamamatsu, Japan-based carmaker said in a statement today. The company’s U.S. distributor filed for bankruptcy protection in Santa Ana, California as part of the reorganization.
[link to www.businessweek.com]
There are many complex features underlying the global economic crisis pertaining to financial markets, the decline in production, the collapse of State.
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