Suzuki to stop selling autos in Canada Financial Post

24 Апр 2015 | Author: | Комментарии к записи Suzuki to stop selling autos in Canada Financial Post отключены
motorcycle Suzuki AD 50

Suzuki to stop selling in Canada

Almost 30 years entering the market, Suzuki Inc. will no longer automobiles in Canada after year 2014.

Suzuki Inc. announced Tuesday it stop selling automobiles model year 2014

a similar move announced in the last November, the Japanese said Tuesday it would be its business operations in Canada to instead on its motorcycle, all-terrain and marine division.

“[Suzuki been monitoring market carefully and, after the long-term viability of automotive for Canada, [Suzuki Motor concluded that it was no longer for it to produce automobiles for distribution and in the Canadian market,” the company in a statement.

Suzuki sold nearly vehicles in Canada last down three percentage from the year before. declining numbers came overall auto sales in improving nearly 6% year-over-year in according to figures from Automotive Consultants.

Suzuki held roughly market share as Volvo at of overall sales in the country in DesRosiers’ figures show.

sales have, however, nearly 30% in the first two months of far outpacing the declines of the broader at nearly 3%.

Suzuki Canada’s decision to halt auto in Canada follows a similar last November in the U.S. the American Suzuki Motor filed for Chapter 11 protection in the of dwindling sales and high exchange.

Bernard Swiecki, senior manager at the Center for Automotive in Ann Arbor, Mich. said vehicles were also not to the U.S. market in the way the vehicles of its competitors like Toyota, Mazda and others were.

a combination of two things: They had a lineup that needed to be and updated, combined with a significant downturn in the market the times of the recession,” Mr. Swiecki.

He the Suzuki Kizashi had developed a bit of a following” in the U.S. and received positive media attention.

But that same engineering applied to a wider portfolio of in the U.S. to attract a broader base there, he said.

the recovery occurred post-recession, the best poised to take of that recovery were the who had fresh product out there. weren’t well positioned to advantage,” he said.

As a result, the Suzuki Motor filed for protection on Nov. 5, 2012, roughly $346-million in debt at the

Suzuki Canada said it would honour all warranties, and parts and services would to be provided to customers without through its warranty and service network.

It also said it give dealers 12 months to the transition, and would continue to and distribute automobiles during time.

It also noted it was not a court-supervised restructuring in Canada.

financial and contractual commitments be honoured through and following the the company said.

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