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American Suzuki Bankruptcy Plan Receives Court Approval

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American Suzuki Motor Corp. said on Friday that it expects to complete its bankruptcy restructuring by the end of the month, after a judge approved its chapter 11 plan, the Orange County Business Journal reported on Friday. The automaker, part of Japan-based Suzuki Motor Corp., filed for bankruptcy late last year. The company eventually plans to stop vehicle sales in the U.S. as a result of a number of challenges it has faced, including low sales and a limited vehicle lineup. In the meantime, the company said that it will continue to focus on growing its U.S. Motorcycles/ATV and Marine divisions.