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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.
GM, which once owned 20% of Suzuki, sold the last 3% back to Suzuki last week in order to raise cash.
