SEOUL, Dec. 2 (Korea Bizwire) — The waiting time for the delivery of domestically-made vehicles has dropped significantly thanks to the gradual easing of the chip shortage that disrupted carmakers starting last year. According to Yonhap News Agency’s analysis on Hyundai Motor Co. and its independent Genesis brand’s table of expected delivery time by model, [...]
SEOUL, Dec. 22 (Korea Bizwire) — As the worldwide shortage of semiconductors is taking a toll on car manufacturing, cargo truck drivers are frustrated over maintenance delays. Choi Su-yeong (alias), a 30-year-old dump truck driver in South Chungcheong Province, hasn’t been able to get his truck fixed since September. “There are already four trucks lined [...]
SEOUL, Nov. 9 (Korea Bizwire) — Consumers likely have to wait 12 months at most to buy a popular brand vehicle amid auto chip shortage. Imported car sale platform Getcha reported that it will take more than one year for the GV60, the first dedicated electric vehicle of Hyundai Motor Group’s luxury Genesis brand, to [...]
SEOUL, Oct. 12 (Korea Bizwire) — Smart key production is facing difficulties due to the global supply shortage for semiconductors used in cars. Hyundai Motor Co. sold 515,142 units of the 5th-generation Grandeur HG sedan between 2011 and 2017 and it is still one of the most popular cars in the used car market. However, [...]
SEOUL, May 13 (Korea Bizwire) — Samsung Electronics Co. and Hyundai Motor Co. on Thursday said they will work together to tackle the auto chip shortage that has been disrupting global automakers’ operations in the past few months and is expected to continue down the road. Samsung, the world’s largest memory chipmaker, and the country’s [...]
SEOUL, April 15 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will suspend two of its three plants next week due to a lack of semiconductors parts. GM Korea will halt the No. 1 and No. 2 plants in Incheon, 40 kilometers west of Seoul, from [...]
SEOUL, March 30 (Korea Bizwire) — A global semiconductor chip shortage is set to spill over into Korean automakers as well, raising concerns that a prolonged supply glitch may derail local carmakers off track amid the pandemic. The chip shortage stems from multiple factors such as chipmakers shuttering plants or cutting production due mainly to [...]