Suzuki’s Hungarian Factory Will Stop Exporting To Russia And Ukraine
Suzuki’s factory in Hungary has suspended car exports to Russia and Ukraine due to the ongoing war between the two countries.
The Japanese car manufacturer exports approximately 10,000 vehicles from its Hungarian factory to Russia and Ukraine each year and will attempt to shift affected models to other markets so it isn’t forced to cut production. The Hungarian division of Suzuki sold 119,098 vehicles in 2020, 101,672 of which were for foreign markets.
Spokeswoman Zsuzsanna Bonnar-Csonka revealed that the car manufacturer is continuing to encounter supply chain issues and noted that rising energy costs and the weakening of the Hungarian Forint were also of concern, Reuters reports.