7/18/2021, 8:07 AM (Source: TeleTrader)
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Chart for: Renault SA

Renault Samsung to halt output over chip shortage

Renault Samsung Motors Corp. said on Sunday the carmaker would have to temporarily halt production at its Busan plant over chip shortages.

"The production suspension was attributable to the fallout of prolonged global chip shortages," Yonhap citing company officials commenting about the first event of this kind at the company.

Next to Renault Samsung Motors, Hyundai Motor Co. and Kia Corp. have experienced production issues this year over the same issues.

Baha Breaking News (BBN) / ND