General Motors Korea to cut output of SUV as coronavirus hits U.S. exports

General Motors

General Motors’ South Korean unit prepares to significantly cut output this month at a factory producing its new Trailblazer sport-utility vehicle (SUV), as the coronavirus pandemic weighs on its U.S. exports and also disrupts parts supplies. GM Korea is responsible for providing some of automaker’s small SUVs to the U.S. market to meet a consumer […]

Hyundai stops work at Korean factory after worker tests positive for coronavirus

Hyundai has closed a factory in South Korea on Friday after an employee tested positive for coronavirus, disrupting production of well-known models such as Palisade sport utility vehicle. Shares of the automaker dropped down over 5% following the news, while the wider market dropped 3.3%. The closing dealt a fresh setback to the automaker, which has […]

Some South Korean Samsung, Hyundai employees self-quarantine

Samsung Electronics logo

Some South Korean workers at Samsung Electronics and Hyundai Motor are staying home as a precautionary measure as South Korea scrambles to avoid the coronavirus outbreak from causing widespread disruption in the country. About 1,500 employees of Samsung Electronics’ phone complex in the southeastern city of Gumi have self-quarantined after one of its employees was […]