Yonhap News Agency (Yonhapnewsagency) reported that South Korea's top car prices Ulsan Hyundai Motor Company's diesel engine factory has stopped production, discontinued because of its important parts suppliers YoosungEnterprise strike because of its factories can not produce diesel engines accessories.
According to the Wall Street reports, citing sources, Hyundai Motor Co. may lack important parts of the engine and cut 50,000 vehicles. In addition, South Korea NHSecurities analyst LeeSang-hyun said that Hyundai and Kia, and no other sources of supply provides the core engine accessories.
Hyundai Motor Company not yet responded to press reports on the above, but Hyundai Motor Company had issued a warning that the company can only maintain the stock engine to May 24, after which, in addition to all models other than the small car production is not interrupted avoid.
It is understood, YoosungEnterprise companies Hyundai and Kia Motors has been providing an important engine parts, piston rings needed for the production of modern Kia, 70% offered by the company. In addition, GM's South Korean unit, Ssangyong Motor and Renault companies need to purchase spare parts from YoosungEnterprise company.
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