Hyundai Motor is cutting output in South Korea by 25-30%.

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“We decided to reduce production by 25-30% at all of our domestic factories, except two lines for small cars, in the first quarter,” a spokesman told Reuters.


Labour unions had been told of the plans and future output would be matched to demand, he added.


Hyundai makes small cars in India and recently opened a plant in the Czech Republic.


Combined sales of South Korean automakers fell 13% last month though Hyundai’s sales were off only 2.4%.


Korean SUV specialist, Chinese-owned Ssangyong, has filed for bankruptcy protection in Korea.

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