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American Suzuki files for bankruptcy protection

Nov 6th, 2012 by admin

American Suzuki Motor Corp., beset by low sales, cutthroat competition and unfavorable foreign exchange rates, is pulling out of the U.S. auto market and has filed for Chapter 11 bankruptcy protection.

"The most important thing for you to know is that we intend to continue to operate our motorcycles, ATV and marine businesses as usual," Suzuki Motor Corp. chairman Takashi Iwatsuki said in a statement sent to customers Monday.

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