Hyundai halts Korea out­put

Antelope Valley Press - - BUSINESS -

WASHINGTON — Hyundai Mo­tors is sus­pend­ing pro­duc­tion in South Korea, a sign that the eco­nomic fall­out from China’s vi­ral out­break is spread­ing. For other com­pa­nies brac­ing for losses from coro­n­avirus, the dam­age has so far been de­layed, thanks to a stroke of tim­ing: The out­break hit just when Chi­nese fac­to­ries and many busi­nesses were closed any­way to let work­ers travel home for the week-long Lu­nar New Year hol­i­day. If much of in­dus­trial China re­mains on lock­down for the next few weeks, a very real pos­si­bil­ity, West­ern re­tail­ers, auto com­pa­nies and man­u­fac­tur­ers that de­pend on Chi­nese im­ports will start to run out of the goods they de­pend on.

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