AIRLINK 74.64 Decreased By ▼ -0.21 (-0.28%)
BOP 5.01 Increased By ▲ 0.03 (0.6%)
CNERGY 4.51 Increased By ▲ 0.02 (0.45%)
DFML 42.44 Increased By ▲ 2.44 (6.1%)
DGKC 87.02 Increased By ▲ 0.67 (0.78%)
FCCL 21.58 Increased By ▲ 0.22 (1.03%)
FFBL 33.54 Decreased By ▼ -0.31 (-0.92%)
FFL 9.66 Decreased By ▼ -0.06 (-0.62%)
GGL 10.43 Decreased By ▼ -0.02 (-0.19%)
HBL 114.29 Increased By ▲ 1.55 (1.37%)
HUBC 139.94 Increased By ▲ 2.50 (1.82%)
HUMNL 12.25 Increased By ▲ 0.83 (7.27%)
KEL 5.21 Decreased By ▼ -0.07 (-1.33%)
KOSM 4.50 Decreased By ▼ -0.13 (-2.81%)
MLCF 38.09 Increased By ▲ 0.29 (0.77%)
OGDC 139.16 Decreased By ▼ -0.34 (-0.24%)
PAEL 25.87 Increased By ▲ 0.26 (1.02%)
PIAA 22.20 Increased By ▲ 1.52 (7.35%)
PIBTL 6.80 No Change ▼ 0.00 (0%)
PPL 123.58 Increased By ▲ 1.38 (1.13%)
PRL 26.81 Increased By ▲ 0.23 (0.87%)
PTC 14.01 Decreased By ▼ -0.04 (-0.28%)
SEARL 58.53 Decreased By ▼ -0.45 (-0.76%)
SNGP 68.01 Decreased By ▼ -0.94 (-1.36%)
SSGC 10.47 Increased By ▲ 0.17 (1.65%)
TELE 8.39 Increased By ▲ 0.01 (0.12%)
TPLP 11.05 Decreased By ▼ -0.01 (-0.09%)
TRG 63.21 Decreased By ▼ -0.98 (-1.53%)
UNITY 26.59 Increased By ▲ 0.04 (0.15%)
WTL 1.42 Decreased By ▼ -0.03 (-2.07%)
BR100 7,943 Increased By 105.5 (1.35%)
BR30 25,639 Increased By 187.1 (0.73%)
KSE100 75,983 Increased By 868.6 (1.16%)
KSE30 24,445 Increased By 330.8 (1.37%)
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.