Local automakers feeling squeeze
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The operations of Hungary's biggest automakers have been impacted by the global chip shortage, a parts squeeze due to the war in Ukraine, rising energy prices, and the weaker forint, business daily Világgazdaság said.
The local unit of Germany's Audi told the paper it has had to "adjust" output to the supply of semiconductors and parts. Audi Hungaria said it has several suppliers in Ukraine and has had to cancel some engine and car production shifts mainly because of problems getting cable assemblies and seat covers.
The local unit of German carmaker Mercedes-Benz told the paper it has business partners in Ukraine and is working on solutions to secure its supply chain, such as shifting orders to other supplier bases.
The Hungarian unit of Japan's Suzuki told the paper that the war had not impacted its production. However, it did stop shipping vehicles to Russia and Ukraine from March as delivery companies suspended their operations in the region. Magyar Suzuki exports about 10,000 autos to the countries a year and is looking for alternative markets to stick to its production plan, the unit said.
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