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Cars Hyundai halts car production due to Coronavirus

13:50  04 february  2020
13:50  04 february  2020 Source:   motoringresearch.com

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Tuesday, 4 February 2020 Hyundai halts car production due to Coronavirus | Green Mr Hyundai will suspend all car production in South Korea because of the

Hyundai has gone a step further, announcing Tuesday in an email that it is suspending production lines at its car factories in South Korea, making it Multiple media reports quote the Hyundai emailing saying its decision to close its Korea plants is due to disruption in the supply of parts resulting from

Hyundai Korean production suspended due to Coronavirus © Provided by Motoring Research Hyundai Korean production suspended due to Coronavirus Hyundai will suspend all car production in South Korea because of the Coronavirus. It announced the stoppage will take place between 7 February and 11 February 2020 (at the latest).

The suspension has occurred because of the Coronavirus affecting Hyundai’s parts supply chain in China, specifically the production of wiring harnesses.

The shutdown of production makes Hyundai the first car manufacturer outside of China to be affected by the outbreak of the disease.

a close up of a car: 2020 Hyundai i10 interior © Provided by Motoring Research 2020 Hyundai i10 interior
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Hyundai Motor has decided to suspend its production lines from operating at all of its plants in Korea,” the carmaker said in a statement.

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Hyundai factories in South Korea, which does not share a land border with China, will be forced to suspend car production in the country The immediate cause of the planned halt in production is a shortage of wiring harnesses for several models, which are produced by two suppliers with locations

Hyundai Motor said it will suspend production in South Korea due to the coronavirus outbreak disrupting parts supply, becoming the first major automaker to halt its assembly lines outside of China. The flu-like virus has killed more than 400 people

“The company is reviewing various measures to minimise the disruption of its operations, including seeking alternative suppliers in other regions.”

Hyundai produces around 1.8 million vehicles in South Korea per year. For reference, its yearly sales top 4.4 million units. The company operates 13 production facilities across the globe, with seven in South Korea.

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a close up of a car: Hyundai Korean production suspended due to Coronavirus © Provided by Motoring Research Hyundai Korean production suspended due to Coronavirus
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The Coronavirus has caused business shutdowns across China, while airlines have suspended travel to the affected areas. It has resulted in more than 400 deaths so far, and has been declared a global health emergency by the World Health Organisation.

It was also reported recently that Coronavirus would likely result in a drop in fuel prices in the UK. This has been put down to the severe reduction in China’s use of fuel, following the restrictions on travel.

The post Hyundai halts car production due to Coronavirus appeared first on Motoring Research.

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