(MENAFN) The S. Korean automaker, Hyundai Motor Co. announced its four plants in China had resumed operations after suspension for one week due to parts supply problems.
Earlier, Beijing Hyundai Motor Co, a joint venture between Hyundai Motor and BAIC Motor Corp. stopped operations in assembly lines at its four plants because of lack of a key component.
Also, a local supplier stopped delivering plastic fuel tanks to Beijing Hyundai after it did not receive USD17mln from Hyundai.
According to the company's spokesman, he said: "The plants have resumed operations today as the Chinese supplier began shipping the component. The company (Beijing Hyundai) is in talks with the Chinese partner to resolve the payment issue."
MENAFN3008201700450000ID1095789871
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.