Hyundai faces manufacturing disruption from April resulting from chip scarcity

SEOUL- South Korea’s Hyundai Motor is anticipated to see manufacturing disrupted beginning in April due to the widespread chip scarcity affecting automakers worldwide, the Monetary Occasions reported on Wednesday.
Hyundai’s stock ranges have change into tight and the issue will quickly begin to gradual manufacturing, the FT reported, citing an individual with direct information of Hyundai’s state of affairs.
Hyundai had been adjusting manufacturing of its weaker-selling fashions such because the Sonata to save lots of chips, a union official advised Reuters in February.
The official mentioned this month that manufacturing had not abated for widespread fashions such because the Palisade, the brand new Tucson and the Genesis GV fashions, however the automaker has stopped doing time beyond regulation and weekend manufacturing for less-popular fashions, and setting manufacturing schedules weekly.
Hyundai didn’t have a direct remark.

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