Hyundai again halts local factories over chip shortages
SEOUL, Sept. 14 (Yonhap) -- South Korean automaker Hyundai Motor Co. is grappling with automotive chip shortages, which have disrupted production of its popular models in local factories, industry officials said Tuesday.
Hyundai Motor plans to temporarily halt the Asan plant, about 100 kilometers south of Seoul, from Wednesday to Friday, due to lack of automotive chips, company officials said.
The latest suspension comes only days after the automaker idled the plant, which produces the Sonata sedan and Santa Fe SUV, for two days last week for the same reason.
Its mainstay plant in Ulsan, 414 km southeast of Seoul, also has been closed since Monday due to chip supply shortages, which disrupted production of the Palisade SUV, Staria van and Porter pickup truck.
Hyundai Motor is one of several global automakers that have been forced to cut back production due to chip shortages in the wake of the COVID-19 surge in Malaysia, a major assembly hub of semiconductors and auto parts.
The automaker earlier expected the supply crunch to ease in the third quarter, but industry watchers expect the automaker could lower the annual production target due to the lasting chip shortages.
ejkim@yna.co.kr
(END)
-
Overdue debut of Korean abstract art pioneer Yoo Young-kuk at Venice Biennale
-
Relax, immerse yourself in scents at Venice Biennale's Korean Pavilion
-
S. Korea marks 30th anniv. of Korean Pavilion at Venice Biennale with contemporary art
-
Ex-Justice Minister Cho slams Yoon's statement on crushing election defeat
-
Artist Lee Bae captures ethereal Korean aesthetics at Venice Biennale
-
Overdue debut of Korean abstract art pioneer Yoo Young-kuk at Venice Biennale
-
Relax, immerse yourself in scents at Venice Biennale's Korean Pavilion
-
Artist Lee Bae captures ethereal Korean aesthetics at Venice Biennale
-
S. Korea marks 30th anniv. of Korean Pavilion at Venice Biennale with contemporary art
-
(LEAD) Presidential office denies Moon aides under consideration for PM, chief of staff
-
(LEAD) N. Korea fires several short-range ballistic missiles toward East Sea: JCS
-
(LEAD) N. Korea says Kim guided simulated nuclear counterattack drill
-
Hybe launches audit into NewJeans' label ADOR over alleged independence move
-
N. Korea says Kim guided simulated nuclear counterattack drills for 1st time
-
S. Korea warns N. Korea will face end of regime if it uses nuclear weapons