American Suzuki's Ch. 11 Plan Wins Approval

Law360, New York (March 1, 2013, 6:31 PM EST) -- American Suzuki Motor Corp. on Friday said a California bankruptcy judge confirmed the company's Chapter 11 plan, which brings the company one step closer to winding down its U.S. automobile sales.

American Suzuki said U.S. Bankruptcy Judge Scott C. Clarkson's approval will pave the way for the company to sell its motorcycle, all-terrain vehicle and marine products divisions and automotive parts and service operation to a newly organized subsidiary of its Japan-based parent company, Suzuki Motor Corp, in a bid to refocus its business on those...
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