By:Nadeemy Haded

Hyundai Motor has announced that it will suspend production in South Korea, where its largest manufacturing bases are, becoming the first major automaker outside China to make the move, after spare parts are disrupted by the outbreak of the Coronavirus.

A large number of global auto manufacturers, including Tesla, Ford, PSA Peugeot Citroen, Nissan, and Honda Motor, have already stopped working at some of their factories in China this week, in line with government instructions.

Hyundai's decision to cut assembly lines in South Korea may delay its recovery from lower sales.

Hyundai has recently announced its best quarterly operating profit in more than two years and has announced that it is on the path to achieving higher profit margins with the support of increased sales of sports cars such as the Elisad and Kona models.

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