Suzuki Motor: Total Receivables From GM Group Cos Y29.4 Billion
02 Juni 2009 - 3:15AM
Dow Jones News
Suzuki Motor Corp. (7269.TO) said Tuesday that it had
receivables totaling Y29.4 billion from its joint venture with
General Motors Corp. and other GM group companies as of last
Wednesday.
The maker of small cars said in a release that the figure
includes Y200 million that is supposed to be paid by a 50:50 joint
auto production venture in Canada, and Y5.8 billion for production
under GM group's Opel brand.
Apart from the receivables, Suzuki also has a debt guarantee of
Y38.1 billion for the joint venture.
The car maker said it will book provisions if needed.
Suzuki said in a separate statement that it is now gathering
information regarding possible impact from GM's court protection
filing, but added that it expects any impact to be limited.
-By Yoshio Takahashi, Dow Jones Newswires; 813-6895-7561;
yoshio.takahashi@dowjones.com