Suzuki To Stop Selling Cars In U.S. Markets
(SOUNDBITE OF MUSIC)
STEVE INSKEEP, HOST:
NPR's business news starts with Suzuki pulling out of the U.S.
Japan's Suzuki Motor Corporation has been selling cars in America for almost three decades. But unlike Toyota or Honda, it never managed to win over masses of American consumers. The company has the smallest American market share among the big Asian automakers. And when its current inventory runs out the company will no longer sell cars here at all. It will file for Chapter 11 bankruptcy protection instead.
Suzuki plans to focus more on developing markets like India. Says it will honor all warranties and that parts and service will continue to be available.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.