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Hyundai hit again by supply disruption in China, one plant halted

After a supplier refused to provide parts due to delays in payment

Reuters  |  Seoul 

South Korea's Hyundai Motor said it had suspended production at one of its China factories on Tuesday after a supplier refused to provide parts due to delays in payment — its second such incident in as many weeks. Frayed relations with suppliers to its venture with BAIC Motor Corp Ltd are adding to headaches for Hyundai in China, where it has seen sales slump due to diplomatic tensions between the two nations and fierce competition from local brands. Supplier sources familiar with the matter say that BAIC is in charge of payments and has been responsible for the ...

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First Published: Tue, September 05 2017. 15:10 IST
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