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在线翻译:
szdaily -> Business
Fresh worries hit Hyundai, suppliers
    2017-September-11  08:53    Shenzhen Daily

FRESH worries are hitting Hyundai Motor’s China division, even as the South Korean automaker managed to get a Chinese car plant restarted.

Hyundai has been at odds with partner BAIC Motor over supplier strategy, sources have said — a rift that appears to be at the root of some of its parts makers not being paid on time, leading to plant stoppages.

Sources have said that BAIC wants to shift to cheaper Chinese suppliers to cut costs amid intensifying competition in the world’s biggest auto market, while Hyundai wants to protect its current supply chain.

The problem has become a major headache for Hyundai which is also grappling with fierce competition and a less than stellar product line-up — a host of difficulties that prompted S&P Global Ratings to cut its outlook for the automaker and affiliate Kia Motors on Friday.

Its China woes were thrust into the spotlight again as the Global Times, in an article in its English edition Thursday, cited unidentified sources as saying BAIC may end its partnership over supplier disputes.

Shares in Hyundai suppliers saw some of the worst drops among slides for raft of South Korean firms Friday. Hyundai said a cooperative relationship with its partner would continue and “the two companies plan to continue various dialogue to strengthen competitiveness in the Chinese market.”(SD-Agencies)

 

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