Giant Decision Hyundai Closes Its Factories!

Hyundai Motor reported that the disruption in the supply of parts by the new coronavirus epidemic in China has caused production to stop production at factories in South Korea. The biggest reason for the Far Eastern manufacturer to take this decision is that the companies in the supply chain are affected by the Corona virus. A Hyundai spokesman, who spoke to Reuters, confirmed that most of the brand's 7 plants in Korea will remain closed for 3 or 4 days as of February 7. Hyundai Motor official said in a statement that if the disruption in parts supply deepens, production will stop on 7 or 11 February in all of its factories in South Korea. South Korea imported $ 1.56 billion of vehicle parts from China in 2019.

Hyundai is closing its factories huge decision!

Many global automakers, including Ford, the French automaker PSA Peugeot Citroen, and the Japanese automaker Nissan and Honda Motor, have suspended production at some of its factories in China this week in accordance with Beijing's guidelines. A union official who did not want his name disclosed due to the sensitivity of the issue, announced that production would be suspended between 7 February-10 February or 11 February in most of Hyundai's South Korean factories. Hyundai spokesperson said the suspension programs will change according to the production line.