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Hyundai Motor suspends all four Chinese factories due to supply disruption

Hyundai Motor's sales from Chinese factories fell 64% to 105,000 vehicles in April-June alone

Reuters  |  Seoul 

South Korea's Hyundai Motor Co has suspended production at all of its four Chinese factories due to supply disruption, a spokeswoman said on Tuesday. Media reports said Beijing Hyundai, Hyundai's Chinese joint venture with China's BAIC Motor Corp Ltd, has been unable to pay suppliers after sales slumped following a diplomatic spat, leading to the supply disruption. Last year, South Korea agreed to deploy a U.S. missile defense system to counter threats from North Korea. China objected that the system's radar would be capable of penetrating its territory, sparking ...

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First Published: Tue, August 29 2017. 17:23 IST