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Hyundai Motor expects more chip shortage production disruptions

South Korean automaker's global sales fall 10% in Q3 amid lack of key parts

Hyundai Motor is among global automakers struggling with a shortage of computer chips.   © Reuters

SEOUL -- Hyundai Motor said on Tuesday that a lack of computer chips for its vehicles will further disrupt production in the fourth quarter and into next year, casting a shadow over the South Korean car giant's global sales.

Hyundai, which forms the world's fifth-largest automaker in tandem with affiliate Kia Motors, said that sales of its cars tumbled 9.9% to 899,000 vehicles in the July-September period from a year ago, driven by sharp drops in the U.S., South Korea, India and China. Those came because the company was struggling to secure key computer chips used in production amid a global shortage that is also affecting other vehicle manufacturers.

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