Wednesday, March 23, 2011

Hyundai Production Barely Affected by Japan Earthquake

From Automotive News:

The impact of the earthquake in Japan can be felt internationally in the automotive industry and South Korea is no different.


Renault's Samsung Motors division halted weekday overtime and weekend shifts. The slowdown will continue until the end of March, meaning a loss of 2000-2500 units of production.

Hyundai Production Barely Affected by Japan Earthquake, Renault Korea and GM Affected image

General Motors Korea is considering a change in its production schedules, according to Automotive News, especially since it takes just one part to stop an assembly line.


Hyundai, in contrast, might be able to capitalize on the supply issues competitors are having. That’s because only 1 percent of its parts are from suppliers in Japan. An automatic transmission for the Veracruz crossover and an alternator for the R and Lambda engines are made in Japan. The R is a diesel powerplant not sold in the U.S. and the Lambda V-6 is found in the Genesis, Coupe, Veracruz, and Azera.


Hyundai has so few parts originating in Japan...(that) the automaker could be one of the few to benefit financially from the earthquake.


Source: Automotive News



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