Hyundai Motor CEO says China capacity cuts being considered

Hyundai CEO — Wonhee Lee said Hyundai is also considering shipping vehicle kits from China to Philippines, South America and other countries for local assembly. (HANS GREIMEL)

By:

HYUNJOO JIN and HEEKYONG YANG

By:

Reuters

February 28, 2019 11:52 AM

SEOUL -- Hyundai Motor Co., which is reeling from tumbling sales in China, is considering cutting capacity at its factories in its biggest market, CEO Wonhee Lee said, according to two people with direct knowledge of the matter.

Featured Stories

GM CEO Mary Barra’s 2024 compensation rises to $29.5 million

How Mungenast Acura used Internet savvy, inventory management to climb Acura rankings

Subaru reveals name — and little else — about new 2-row EV that will debut at New York auto show

Congress Conversations: Live talk at 1 p.m. April 16 on tariffs, car pricing and shopper trends

Latest News

GM CEO Mary Barra’s 2024 compensation rises to $29.5 million

Congress Conversations: Live talk at 1 p.m. April 16 on tariffs, car pricing and shopper trends

Daily 5 report for April 11: Tariffs force UAW President Shawn Fain to walk a political tightrope

Live updates on tariffs: Mitsubishi holds imports at ports

Staying current is easy with newsletters delivered straight to your inbox.

See More in China

China wholesale car shipments continue rise behind incentives for electrified vehicles

Chinese car exports to Russia hit by taxes, consumer uncertainty

March new-car sales jump 14% on incentives, trade group says

China light-vehicle exports under more pressure as U.S. tariffs roil overseas markets

Staying current is easy with newsletters delivered straight to your inbox.