“Isuzu Motors” Waved Goodbye to Russia

by Meifan Honcharuk
Friday, July 21, 2023
“Isuzu Motors” Waved Goodbye to Russia

A Japanese truck manufacturer cannot work in Russia because this outlaw country does not receive the necessary spare parts due to sanctions

Isuzu Motors Ltd. sold its plant with all the jobs in its Russian branch, as it became unprofitable with the outbreak of the Russian war against Ukraine. Russian Sollers became the new owner of the production site. The contract amount was not disclosed, but according to some reports, it was not very high since the manufacturer was under pressure from the possibility of Russian "privatisation" of the Japanese enterprise.

As international sanctions against Russia's aggression began to gain sufficient momentum, Isuzu Motors' Russian branches started to face severe component shortages, ending the fiscal year with a $12 million loss. Deliberate disruption of supply chains resulted in the company producing only 3.7000 trucks in a year, and in November, Isuzu management announced its intention to stop business in Russia.

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