AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)
Business & Finance

GM Korea to suspend assembly line as virus hits parts supply

GM Korea heavily relies on China for the wiring harnesses that connect vehicles' complex electronics. Producti
Published February 12, 2020
  • GM Korea heavily relies on China for the wiring harnesses that connect vehicles' complex electronics.
  • Production would resume "gradually" this week but the situation remained dependent on the supply of parts, Hyundai said in a statement, without giving precise resumption dates.
  • The coronavirus has killed more than 1,100 people and infected over 44,000 across mainland China, spreading to more than two dozen countries in what is now considered a global health emergency.

SEOUL: The biggest US car company General Motors was caught up on Wednesday in the supply chain disruptions caused by the coronavirus in China when its South Korean unit announced a partial suspension of operations next week.

The coronavirus has killed more than 1,100 people and infected over 44,000 across mainland China, spreading to more than two dozen countries in what is now considered a global health emergency.

China is the world's largest exporter of goods and the extended holidays and movement restrictions imposed by Beijing as it seeks to contain the outbreak have disrupted supplies of items including parts for auto manufacturing.

One of the two assembly lines at GM Korea's Bupyeong complex, west of Seoul, which can make over 400,000 vehicles annually, will be closed next Monday and Tuesday due to shortages of parts from China, a company representative told AFP.

GM Korea heavily relies on China for the wiring harnesses that connect vehicles' complex electronics.

But operations could quickly "return to normal" after the two-day break, he said, as Chinese were now "returning to work".

Japanese auto giant Nissan said earlier this week it was suspending operations at its Kyushu plant from February 14-17 because of supply shortages from China.

South Korea's Hyundai Motor -- which with its affiliate Kia ranks as the world's fifth-largest auto manufacturer -- suspended operations at its five-plant complex in the coastal city of Ulsan last week.

Production would resume "gradually" this week but the situation remained dependent on the supply of parts, Hyundai said in a statement, without giving precise resumption dates.

Comments

Comments are closed.