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3 years ago

Hyundai Motor considers suspending one of its Chinese plants amid sales slump

Arirang News
Arirang News
South Korea's top automaker is considering plans to shut one of its five plants in China amid weakening sales in the top Asian market.
Hyundai Motor says it's leaning toward closing one of its three plants in Beijing,... which can produce up to 300-thousand units annually.
The move could threaten two-thousand jobs.
Hyundai Motor has been suffering a slump in sales following a diplomatic row between Seoul and Beijing over the deployment of a U.S. missile defense system to South Korea.
Hyundai Motor has been making moves into Southeast Asia and other emerging markets,... beginning with a joint venture with a Vietnamese company.

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