S.Korea's Hyundai Motor to suspend Asan plant output over chip shortage
(Adds Hyundai's statement, background)
SEOUL, April 9 (Reuters) - South Korea's Hyundai Motor Co
said on Friday it has decided to suspend production
for two days starting on Monday at its Asan plant because of a
It said the suspension was because of the "supply
conditions" for semiconductor parts for powertrain control
"We are closely monitoring the situation to take prompt and
necessary measures to optimize production in line with the
supply conditions," Hyundai said in a statement.
The Asan factory turns out 300,000 vehicles each year,
including the Sonata and Grandeur sedans.
Hyundai last week announced it would suspend output at
Ulsan, its main South Korean factory, from April 7 to April 14
because of chip and component supply issues.
Underscoring the severity of the global chip shortage
crisis, Hyundai has become the latest automaker to halt
manufacturing because of the chip shortage.
Hyundai had been able to avoid a hit from the shortage so
far largely because it maintained a stockpile of chips unlike
its global peers, Reuters reported in February.
(Reporting by Heekyong Yang; Editing by Clarence Fernandez and
First Published: 2021-04-09 08:11:58
Updated 2021-04-09 08:44:48
© 2021 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.