FILE PHOTO: The logo of Suzuki Motor Corp. is pictured at the 45th Tokyo Motor Show in Tokyo, Japan October 25, 2017. REUTERS/Toru Hanai
March 10, 2022
By Gergely Szakacs
BUDAPEST (Reuters) – Suzuki Motor Corp has suspended car exports to Russia and Ukraine from its Hungarian factory as of March due to the war, the Japanese company said on Wednesday, in one of the first signs of the conflict hitting the broader economy in the region.
Central Europe is facing the economic fallout that has followed Russia’s invasion of Ukraine on Feb. 24, including from harsh Western sanctions on Moscow and turmoil in global markets as investors switched into safer assets.
Suzuki said it exports about 10,000 cars to Russia and Ukraine per year and added that it was trying to shift the affected orders to other markets to maintain its planned production volumes.
Suzuki’s Hungarian…
