Court Approves American Suzuki Motor Corporation’s Chapter 11 Plan

  Court Approves American Suzuki Motor Corporation’s Chapter 11 Plan

Business Wire

BREA, Calif. -- March 1, 2013

American Suzuki Motor Corporation (the “Company”) today announced that the
Honorable Scott C. Clarkson of the U.S. Bankruptcy Court for the Central
District of California in Santa Ana approved the confirmation of the Company’s
Chapter 11 Plan, which creditors overwhelmingly accepted. Confirmation of the
Plan clears the way for the Company to complete its restructuring process,
which is expected to occur on March 31, 2013.

As previously announced, the Plan approved the Company’s sale of its
Motorcycles/ATV and Marine divisions and Automotive parts and service
operation to a newly organized, wholly-owned subsidiary of Suzuki Motor
Corporation. The subsidiary will operate in the continental U.S. as Suzuki
Motor of America, Inc. and will use the Suzuki products brand name

“Today’s confirmation is a significant milestone and is one of the last
remaining steps in our realignment and restructuring process,” said M. Freddie
Reiss, the Company’s Chief Restructuring Officer. “During the next few weeks,
we will take final steps to implement the Plan, which will allow the Company
to sell its Motorcycles/ATV, Marine, Automotive parts and service divisions.
This will promote the long-term growth of the Motorcycles/ATV and Marine
divisions, as well as providing automotive parts and service through the
dealer network.”

A copy of the Plan is available at www.omnimgt.com. Additional information
regarding Company’s business realignment can be found at the following
website, www.suzuki.com, or via an information hotline at 1-877-465-4819.

Contact:

MEDIA:
FTI Consulting
Rachel Rosenblatt, 646-576-8106
rachel.rosenblatt@fticonsulting.com
or
Suzuki.Media@suz.com
 
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