Hyundai stops work at China plant for a week

South

Korea’s Hyundai Motor has suspended production at one of its Chinese factories for a week, a media report said on Sunday, fuelling concern that a diplomatic standoff may be hurting sales in the automaker’s top market. A Hyundai spokesperson did not have immediate comments, but industry officials and analysts say the suspension may be aimed at bringing down inventories given slowing sales in China, due to political tension and competition from local players. (Reuters)