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Japanese truck manufacturer Isuzu Motors Ltd is withdrawing completely from the Russian market. As reported by Ukrinform, this was reported by Kyodo News. According to the interlocutors, the
As reported by Ukrinform, this was reported by Kyodo News.
According to the interlocutors, the company sold its stake to the Russian automaker Sollers, which bought the Isuzu factory, where about 200 people work.
Isuzu is said to have stopped production in Russia in March 2022, after the Russian invasion of Ukraine disrupted parts supply.
This led to the truck manufacturer reporting a loss of Yen 1.7 billion ($12 million) in the fiscal year ended March.
In November 2022, the company announced that it was considering exiting the Russian market.
Isuzu automobile production, which started in Russia in 2008, accounted for only 1% of the world’s commercial truck production before the war.
According to data on the company’s website, in 2021 the Russian division produced about 3,700 cars.
As reported by Ukrinform, the Japanese car brand Infiniti, which belongs to the Nissan concern, announced its withdrawal from the Russian market.
Source: Ukrinform
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