American Suzuki Motor Corp., the U.S. distributor of Suzuki Motor Corp. automobiles and motorcycles, filed for bankruptcy protection to wind down its automotive division, Bloomberg News reported today. American Suzuki had assets of $233 million and debt of $346 million as of Sept. 30, according to chapter 11 documents filed yesterday. Revenue for fiscal year ending March 31, 2012, was about $1.04 billion, according to court papers. American Suzuki said that it will redirect all of its operating resources to its motorcycle, all-terrain vehicle and marine products businesses. The Brea, Calif.-based company said it plans to sell substantially all its assets to NounCo. Inc., a unit of Suzuki Motor Corp.
