American Suzuki files for bankruptcy, withdraws from U.S. car market

“Consistent with ASMC’s long history of standing by its products, owners of Suzuki automobiles will be protected,” the company’s statement said. “All warranties will continue to be fully honored and automobile parts and service will be provided to consumers without interruption through ASMC’s parts and service dealer network.”

National Automobile Dealers Association (NADA) chairman Bill Underriner cheered the announcement that American Suzuki would honor its existing warranties, but he said the company’s decision to leave the U.S. auto market was a big loss for the industry.

“NADA is saddened to learn that American Suzuki will exit the U.S. car and truck market,” Underriner said. “Of course, all of us are especially concerned about the impact on Suzuki customers and dealers. We are pleased to hear that Suzuki intends to honor all warranties and plans to maintain a parts and service network – but the announcement is, nevertheless, devastating to the more than 200 Suzuki dealers operating in the U.S.”

The NADA said Suzuki has 220 dealerships in the U.S. that employ approximately 11,000 people.

Underriner said the organization “will do everything possible to ensure that Suzuki dealers and vehicle owners are treated fairly through this difficult wind-down process.”

-This story was updated with new information at 1:03 p.m.