News Headline Summary
Suzuki Motor (7269 JT) says US unit is to start chapter 11 reorganization
- US unit had USD 346mln in debt as of September 30th.
- Co. cites FX rates, cost of meeting federal, state rules.
- US unit has enough cash on hand for restructuring.
05 Nov 2012 - 17:17
Subscribe Now to RANsquawk
Click here for a 1 week free trial
RANsquawk provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2130 London time
Teams of analysts covering equities, fixed income, FX and energy markets
Real-time scrolling news service
Daily and weekly pre-market research and calendars
Intra-day market update videos
Daily technical analysis