Suzuki will cut production at Hungary plant
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Suzuki plans to cut production at its car factory in Hungary. The automaker cited the "dire business environment" for the decision.
Suzuki said it will cut daily shifts at its plant in Esztergom from two to one in November and December.
The Japanese company builds the Swift, Splash and SX4 models as well as the Fiat Sedici, a sister model to the SX4, at the factory, which employs 3,400.
In May, Suzuki forecast that annual production volume in Hungary for 2012 would be 170,000 units, down from 171,700 last year and in line with the 170,031 units built in 2010.
In the first half, the company's new-vehicle sales fell nearly 12 percent to a little more than 86,000 in the EU and EFTA markets, according to industry association ACEA. The automaker's market share dropped to 1.2 percent from 1.3 percent.
Bloomberg contributed to this report
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