Suzuki Motor halted Swift production due to China's rare earth curbs - report

June 05, 2025 12:33 AM PDT | By EODHD

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Suzuki Motor halted Swift production due to China's rare earth curbs - report — Image source: Kalkine Media

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[hybrid electric Suzuki Swift] Sue Thatcher/iStock Editorial via Getty Images Suzuki Motor (OTCPK:SZKMY [https://seekingalpha.com/symbol/SZKMY]) had suspended production of its Swift car due to China's rare earth restrictions, becoming the first Japanese automaker to be affected by the export curbs, _Reuters_ reported on Thursday. It had announced the planned production stoppage of the Swift subcompact, excluding the Swift Sport model, from May 26 through June 6, citing a shortage of components. Suzuki Motor (OTCPK:SZKMY [https://seekingalpha.com/symbol/SZKMY]) did not elaborate beyond that, and a spokesperson said the company had no comment on the reason for the suspension, which was first reported by the Nikkei business daily. Suzuki would partially restart production of the Swift cars at its Sagara plant on June 13, resuming fully after June 16, as the "prospect of parts supply is clearer" now, it said in a later statement on Thursday. Several European auto parts factories have also halted production, while Mercedes-Benz (OTCPK:MBGAF [https://seekingalpha.com/symbol/MBGAF]) is exploring strategies to safeguard against potential rare earth shortages.

MORE ON SUZUKI MOTOR * Historical earnings data for Suzuki Motor [https://seekingalpha.com/symbol/SZKMY/earnings] * Financial information for Suzuki Motor [https://seekingalpha.com/symbol/SZKMY/income-statement]

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