American Suzuki Motor Corporation, a subsidiary of Suzuki Motor Corporation (TYO:7269), has filed for bankruptcy in a California court.
The automaker will stop selling cars and SUVs in the country when its present supply of new vehicles runs out. Its share of the United States market has been decreasing over the last couple of years.
The company has sold 21,188 units so far this year, down 4.7 percent compared to the year-ago period.
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