Hyundai Motor ( 005380.KS ) said it will suspend production in South Korea due to the coronavirus outbreak disrupting parts supply, becoming the first major automaker to do so outside of China. The flu-like virus has killed more than 400 people and its economic impact has spread beyond mainland China. In China, global automakers have already extended factory closures in line with government guidelines including Hyundai, Tesla ( TSLA.O ), Ford ( F.N ), PSA Peugeot Citroen ( PEUP.PA ), Nissan ( 7201.T ) and Honda Motor ( 7267.T ). “Hyundai and Kia may be more affected as they tend to import more parts from China than other global automakers,” said Lee Hang-koo, senior researcher at the Korea Institute for Industrial Economics & Trade. Hyundai has built up a huge production capacity in China over the past two decades. “South Korean parts makers followed and built […]