2007 Suzuki Sx4 4wd on 2040-cars

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Suzuki has to take out $45M loan just to shutter US dealers

Bloomberg reports American Suzuki is set to borrow up to $45 million to to close its automotive dealerships and freshen up its it motorcycle and marine business. Suzuki Motor Corporation will loan American Suzuki the funds at three percent below the London Interbank offered rate in order to offer dealer owners a cash payment in exchange for voluntarily abandoning franchise agreements. The company's 216 dealers have 10 days to make a decision on the matter. Under the plan, Suzuki would give dealer owners half of what they're owed in one lump sum, and the dealers would then be able to pursue the remaining debt through the company's bankruptcy procedure.
U.S. Bankruptcy Judge Scott C. Clarkson granted American Suzuki interim authority to borrow the funds, but Bloomberg reports the company will likely return to court in a few weeks to seek up to $100 million. According to Richard Pachulski, a lawyer for Suzuki America, the automaker may owe its dealers somewhere around $50 million.

Suzuki posts 46% drop in first-quarter profit on slowing India demand

TOKYO — Suzuki on Monday reported a 46.2% fall in first-quarter operating profit, hurt by lower output at home as it improves its inspection systems, and falling demand in India, its biggest market. Japan's fourth-largest automaker posted an operating profit of 62.7 billion yen (GBP487 million) for the April-June quarter, down from 116.5 billion yen a year earlier and below a mean forecast of 69.09 billion from eight analysts, according to Refinitiv. Suzuki reaffirmed its forecast for full-year operating profit to come in at 330 billion yen, up 1.7% from the year ended March 2019. Suzuki, known for its Swift and Baleno compact models, is bracing for subdued growth this year in India, where roughly one in two cars sold carries its brand. The company stuck to a forecast for vehicle sales to increase slightly on the year, but conceded that it may need to trim its forecasts in the coming months as slowing economic growth and stricter emissions standards could dent sales. Slowing profit growth could hamper its ability to invest in and develop lower-emissions vehicles and on-demand transportation services necessary to survive the technological upheaval currently underway in the global auto industry. The automaker has long acknowledged that it cannot shoulder the costs of developing electric vehicles and self-driving cars on its own, and has turned to Toyota to supply Suzuki vehicles with its gasoline hybrid systems.

The Suzuki Jimny pickup truck might be the best Jimny

Suzuki showed off a Jimny pickup truck concept at the 2019 Tokyo Auto Salon, and it garnered more positive hype for the already beloved new-generation 4x4. But more than a year later, there are no signs that a production version is coming in the immediate future, if at all. So, members of the aftermarket are building their own. Shropshire Quads out of the United Kingdom takes regular Jimny SUVs and converts them into pickups by lifting the vehicle and adding a metal tub to the rear. Shropshire Quads has been building Jimny pickups for years. The company started doing the conversions on used models but has since grown to add the new Jimny to the operation, as well. Here's how it all started:  We are a small family run business based near Cleobury Mortimer in South Shropshire. We are main agents for Arctic Cat and Kymco ATVs. We felt that there was a niche gap in the agriculture/land management sector for a small lightweight pickup with more creature comforts and reliability than your usual UTVs. We went in search, and following lots of research, we decided that the Suzuki Jimny would be the ideal base vehicle. We now convert quality, low mileage Suzuki Jimny's to pickups using the best quality, factory designed and manufactured components. We hope you agree that we offer the best Suzuki Jimny Pickup on the market. The blue example seen here is the shop's first conversion on a new Jimny. According to Farmer's Weekly, Shropshire Quads orders the factory-manufactured kit that was designed for Suzuki from Austria and is the sole distributor and installer in the United Kingdom. Somebody in New Zealand is running a similar operation. As seen in the photos, the kit can only be installed once the rear portion of the Jimny is chopped off. The kit includes a metal rear bulkhead panel that is equipped with a heated rear screen. Plastic side moldings smooth out the conversion into the bed, which is made of stainless steel and aluminum. The rear tailgate is removable, and Shropshire Quads says the kit uses strong high-quality latches. A recessed fuel filler is mounted with cast aluminum and found on the driver's side. As this is a conversion intended for labor, it can be ordered with a one-inch lift or a three-inch lift. For added utility, the Jimny can be fitted with flotation tires or smaller all-terrain tires. The Jimny was already cool, and having one on the farm sounds like a fun way to do chores.