Hyundai Halts Korea Output

[alexdrums]

Hyundai halts Korea output as China outbreak fallout spreads

WASHINGTON (AP) — Hyundai Motors is suspending production in South Korea, a sign that the economic fallout from China's viral outbreak is spreading.

apnews.com

Holy Mackerel

 

[JCzoom]

Hyundai halts Korea output as China outbreak fallout spreads

WASHINGTON (AP) — Hyundai Motors is suspending production in South Korea, a sign that the economic fallout from China's viral outbreak is spreading.

apnews.com

Holy Mackerel

 

[Lucas & Craig]

 

[drizzt]

From what I hear, Korean automakers are heavily dependent on vehicle internal wirings from Chinese factories. Unfortunately, these wirings are in the early process of manufacturing. After Japan's trade restrictions Korean semiconductor companies have started to diversify import of their goods. Looks like the diversification need to expand to other businesses as well...

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[alexdrums]

Yes, and who knew Wuhan is a center of automobile manufacturing? We are going to find out real quick if any of the Telluride’s parts come from there.

 

[drizzt]

Yes, and who knew Wuhan is a center of automobile manufacturing? We are going to find out real quick if any of the Telluride’s parts come from there.

Right, so the impact of Wuhan may not be limited to manufacturers in Korea.
EDIT: If you're on the fence about purchasing KT, put your orders in NOW! 'though it might already be too late.

 

[alexdrums]

Yes. Hyundai is the parent company of Kia, and 49% of Telluride’s parts come from Korea.
There is a real chance that as of yesterday, almost half of the Telluride’s parts have stopped being manufactured!

 

[YEH]

From what I have read, seems like Kia isn't affected and neither are Hyundai plants outside China and Korea (the part in short supply is wiring harnesses).

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[alexdrums]

I hope you are right!

 

[ucinn]

We are having some problems with copier/printer parts now. Got a message that one part ordered isn't available because of a plant closing in China and they have no clue how long it will take for us to get one.

 

[alexdrums]

Hyundai reports lowest monthly sales in decade as virus dents demand

Hyundai Motor <005380.KS> reported its lowest monthly global sales in a decade in February as the coronavirus outbreak hurt demand, in what is the first major indicator of damage to the broader auto sector from the epidemic.

www.reuters.com