Hyundai to cut production at its US plant due to chip shortage

South Korea’s Hyundai Motor will reduce production at its US manufacturing plant this week due to a chip shortage.
Hyundai and car technologyHyundai Motor will cut vehicle production at the Alabama plant from Tuesday to Friday (US time) over a lack of semiconductor parts.

The Alabama plant halted operations for one week last month due to the same problem, reports Yonhap news agency.

Hyundai’s vehicle sales rose 22 percent to 2.34 million units from January to July from 1.92 million in the year-ago period.

Hyundai aims to sell 4.16 million vehicles globally this year, 11 percent higher than the 3.74 million units it sold last year.

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