SEOUL -- Hyundai Motor on Monday suspended production of cars at a domestic factory for the third time in a month due to the global chip shortage, raising concerns that the scarcity could become a chronic hindrance to output.
South Korea's largest automaker, which together with affiliate Kia ranks No. 5 globally, said it ceased manufacturing at its plant in the western port city of Asan, which accounts for 7% of its revenue, citing problems in the supply of semiconductors for autos. The company said it will resume production on Wednesday.
