Equities

Reuters reveals Hyundai clashing with China partner over suppliers

Reuters reveals Hyundai clashing with China partner over suppliers

Reuters reported exclusively that Hyundai Motor is at loggerheads with its Chinese partner over efforts to cut supplier costs, as they grapple with cut-throat competition and the impact of a stand-off between Beijing and Seoul. Shares of Hyundai Motor and other South Korean car makers with China operations fell after the Reuters story was published.