Hyundai's Asan plant.
Hyundai Motor Co. will likely suspend a second plant due to a component supply disruption as a global shortage of automotive chips is putting the top South Korean automaker under increasing pressure.
According to industry sources on Apr. 5, Hyundai Motor notified its labor union of its decision to halt its Asan plant for three days from Apr. 7 and run only half of the facilities for Apr. 12-15. The Asan factory mainly produces the Sonata and Grandeur sedans.
The brief suspension was due to a shortage of the power control unit (PCU) that supports the vehicle electrical system, according to industry officials. The shortage is affecting an estimated 7,000 sedans, they added.