Wednesday, November 7, 2012

Automoible Planet Subscription: “Suzuki to exit US market, files for bankruptcy” plus 1 more

Automoible Planet Subscription: “Suzuki to exit US market, files for bankruptcy” plus 1 more

Suzuki to exit US market, files for bankruptcy

Posted: 07 Nov 2012 01:14 AM PST

The Suzuki brand may be big in India but on the other side of the world it is facing big problems. Suzuki operates in the name of American Suzuki Motor Corporation in USA which has filed for bankruptcy. The ASMC is facing low volume sales from past 2-3 years and its latest models SX4, Kizashi and Grand Vitara has not managed to pull the company from losses.

Suzuki mentioned that it was difficult to make decision to stop selling its car in US but it was inevitable under current situations. However Suzuki will continue to sell motorcycles, all terrain vehicles and marine outboard in the US market. The bankruptcy doesn't involve the parent Suzuki Motor Corporation of Japan. ASMC debt ranges from $100 to $500 million.

A Suzuki statement -
"These challenges include low sales volumes, a limited number of models in its line-up, unfavourable foreign exchange rates, the high costs associated with growing and maintaining an automotive distribution system in the continental U.S. and the disproportionally high and increasing costs associated with stringent state and federal regulatory requirements unique to the U.S. market."

Maruti Ritz with Automatic Transmission

Posted: 07 Nov 2012 01:01 AM PST

Along with the facelifted Ritz, Maruti Suzuki has silently added an Automatic Transmission variant in petrol VXi model. The Ritz Vxi AT comes with ABS and EBD as optional safety features and delivers 17.16 Km per litre of petrol (As per ARAI). The Ritz Vxi AT uses a 4 speed automatic gearbox which ensures you smooth ride in the hectic city traffic.

The price of the Ritz Vxi AT has not yet been announced. We expect it to be priced little higher than the regular Vxi model. The automatic variant of Ritz gives the customers an option of easy driving with good comfort in a small car. So after the Ritz, will it be the Swift. May be, but an automatic diesel variant is what the people are waiting for. We hope Maruti and other manufacturers are listening...

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