Automotive News says that Suzuki’s American arm has chosen to halt production of the Suzuki XL7. The crossover midsize SUV is the only Suzuki built in North America.

Blaming the U.S. subprime loan crisis, a Suzuki spokesman has confirmed that no additional units of the model will roll off out of General Motors’ CAMI joint-venture facility in Ontario, Canada. The plant is still operational, however, and will continue to produce other GM vehicles for the remainder of the model year.

Given GM’s bleak financial future, Suzuki says there is still no chance of the plant closing anytime soon, or ever.

While the XL7 was never a sales champ, Suzuki apparently believes that their joint venture with GM will find a way to carry on.