Hyundai Motor may suspend its oldest factory in China

By Reuters, Seoul
6 March 2019, 18:00 PM
UPDATED 7 March 2019, 00:00 AM
Hyundai Motor Co is considering suspending its oldest plant in China, it said on Wednesday, as the South Korean automaker reels from tumbling sales and massive overcapacity in its biggest market.

Hyundai Motor Co is considering suspending its oldest plant in China, it said on Wednesday, as the South Korean automaker reels from tumbling sales and massive overcapacity in its biggest market.

Hyundai Motor is reviewing production to enhance competitiveness and profitability.