Mexican Media Brands
Hyundai Idles Factories in China
Hyundai Motor Corp. is suspending car production at all four of its assembly plants in China for one week, apparently to trim dealer inventories of unsold cars.
Share
Hyundai Motor Corp. is suspending car production at all four of its assembly plants in China for one week, apparently to trim dealer inventories of unsold cars.
Hyundai says the temporary shutdowns are for maintenance. But South Korea’s ChosunBiz.com reports that the company’s sales in China have slumped this month because of Chinese economic pressure against South Korea for deploying a U.S. missile defense system. The system was installed in response to North Korea’s ballistic rocket and nuclear weapon tests.
ChosunBiz says Hyundai will idle its new small-car factory in Cangzhou beginning April 1. The facility opened in Hebei province last October. At the time, Hyundai said Cangzhou’s eventual 300,000-unit annual output would raise the company’s annual production capacity in China to 2.4 million units.
Hyundai operates in China through Beijing Hyundai Motor Co., a joint venture with BAIC Motor Corp. The partnership has three assembly plants in Jiangsu province. The venture is scheduled to open a fifth production facility, this one in Chongqing, later this year.
RELATED CONTENT
-
Global Supply of Automotive Fasteners from a Single Source
PennEngineering offers a global supply for a wide range of fasteners for the automotive industry, including China-based facilities that manufacture standard and custom products to world-class standards of quality at lower cost.
-
TRW Multi-Axis Acceleration Sensors Developed
Admittedly, this appears to be nothing more than a plastic molded part with an inserted bolt-shaped metal component.
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
