Hyundai Motor CEO says capacity cuts being considered at China plants - sources

Hyundai Motor CEO says capacity cuts being considered at China plants - sources

Hyundai Motor Co's is considering cutting capacity at its Chinese factories, the automaker's Chief Executive Lee Won-hee said, according to two people with direct knowledge of the matter.

FILE PHOTO: Hyundai cars are seen at a plant of Hyundai Motor Co on the outskirts of Beijing
FILE PHOTO: Hyundai cars are seen at a plant of Hyundai Motor Co on the outskirts of Beijing, China January 25, 2019. REUTERS/Jason Lee/File Photo

SEOUL: Hyundai Motor Co's is considering cutting capacity at its Chinese factories, the automaker's Chief Executive Lee Won-hee said, according to two people with direct knowledge of the matter.

Lee made the comments at a meeting with analysts and investors on Wednesday, the people who attended the event told Reuters.

A Hyundai Motor spokesperson did not have an immediate comment.

(Reporting by Hyunjoo Jin and Heekyong Yang; Editing by Muralikumar Anantharaman)

Source: Reuters

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