Coronavirus effects shut world's biggest car factoryHyundai's five-plant network can make 1.4 million vehicles annually, but has been shut down because of a lack of parts. The impact on Hyundai will be eye-watering, with analysts estimating a five-day South Korean shutdown to cost the firm at least six hundred billion won (US$500 million). "South Korean companies rely heavily on China for parts and components. - 'Everyone is impacted' -The People's Republic is the world's biggest exporter of goods, with the US by far its largest trading partner. But sourcing wiring harnesses from three different companies failed to protect Hyundai's South Korean plants.

Source: Bangkok Post February 07, 2020 04:52 UTC