[Updated] Hyundai in talks to resolve China crisis


On Friday, Hyundai and Kia said they "accept the administrative order," adding: "There have been no reported injuries or accidents from the cited issues."

UPDATE: Hyundai Motor Co said on Wednesday it had resumed production in China after operations at its four Chinese factories were suspended last week due to supply disruption, a Reuters report reveals.This comes after the South Korean automaker said in a filing with the stock exchange that it was in talks with a parts supplier to resolve the issue.

 

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Oil falls on prospect of higher-for-longer US rates
Chin Hin taps Ajiya for two-year RM250mil loan
MI Technovation posts three-fold surge in net profit
Wellness a top priority
InNature diversifies into the F&B industry
Tolerance for a cheaper yuan may be temporary
Yinson’s RM16bil debt too big to ignore
Leap in operating income for UOB’s retail banking
Paramount emerges as major shareholder in EWI
China’s push for greener aluminium hit by erratic rains, power cuts

Others Also Read