According to Yonhapnewsagency, South Korea’s No. 1 auto company Hyundai Motor’s Ulsan plant has stopped the production of diesel engines. The reason for the suspension of production was that due to a worker’s strike, factories of its important parts supplier Yoosung Enterprise could not produce diesel engine parts. . According to sources quoted by Wall Street, Hyundai Motor Co. may cut production of 50,000 cars due to lack of important engine parts. In addition, South Korea's NHSecurities analyst Lee Sang-hyun said that Hyundai-Kia has no other source of supply for the core engine parts. Hyundai Motor Co. did not respond to the above report for the time being, but Hyundai Motor Co. once warned that the company’s engine inventory can only last until May 24th. Since then, the production of all models except small cars has been interrupted. of. It is understood that Yoosung Enterprise has been providing important engine accessories for Hyundai and Kia Motors, and 70% of the piston rings required for modern Kia production are provided by the company. In addition, General Motors' Korean department, Renault Motors, and Ssangyong Motors are all required to purchase parts from Yoosung Enterprise.
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