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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: SKorea's Hyundai Motor cuts domestic production AFP - 22 minutes ago SEOUL (AFP) - - South Korea's Hyundai Motor plans to cut domestic production due to slowing demand, following production cuts in its US plants, a company spokesperson said Sunday. Hyundai Motor, the largest carmaker in South Korea, will cut production by suspending overtime or weekend work at all three of its domestic plants beginning Monday, spokesperson Song Meeyoung told AFP. All assembly lines, except one producing Avante compact cars and i30 hatchback models at a main plant in Ulsan, will be affected, with daily work reduced from 20 to 16 hours during the weekdays, Song said. Hyundai refused to confirm local media reports that the carmaker was expected to cut production by 10 percent as a result of the moves. Last month, Hyundai said it was reducing production at its US plant at Montgomery, Alabama, because of falling demand amid the economic downturn. The carmaker opened a new factory in the Czech Republic this month to produce its i30 family car. Hyundai, with its affiliate Kia Motors, is the world's fifth-largest carmaker by sales. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy SKorea's Hyundai Motor cuts domestic productionAFP - 25 minutes ago NEWSMAKER-China's richest man thrown into spotlight amid probeReuters - 58 minutes ago Chinese leader says China losing competitive edgeAP - Sunday, November 30 Britain readies new measures as UN steers aid to poor nationsAFP - Sunday, November 30 Related Articles: Business SKorea's Hyundai Motor cuts domestic productionAFP - 25 minutes ago Thai grenade attack stokes tension ahead of rallyReuters - 34 minutes ago Indian home minister resigns over Mumbai-ruling partyReuters - 36 minutes ago NEWSMAKER-BHP head to focus on downturn after Rio failureReuters - 45 minutes ago NEWSMAKER-China's richest man thrown into spotlight amid probeReuters - 58 minutes ago Enlarge Photo SKorea's Hyundai Motor cuts domestic production Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed World's oldest person dies at 115 years Love handles increase death risk: study Saudi king says 75 dollar oil price 'fair' Michael Jackson strikes 'amicable' deal with Arab sheikh Bomber strikes Shiite mosque after Iraq approves US pact View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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