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Suzuki Motor Corp CEO Osamu Suzuki has said he believes a Chapter 11 bankruptcy filing by former top shareholder GM is ‘100% outside the realm of possibility’.
“We are absolutely not assuming a scenario in which GM files for Chapter 11,” Suzuki told reporters at a news conference in Tokyo.
“I believe it’s 100% outside the realm of possibility,” he said.
He also repeated that the two carmakers would continue to work together on the development of future safety and environmental technologies.
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By GlobalDataGM, which once owned 20% of Suzuki, sold the last 3% back to Suzuki last week in order to raise cash.
