Remember Hyundai shutting down all production? S&P now warn on supply chain disruption

Way back n Tuesday Hyundai announced the halt to production, first one lie:

• Hyundai has halted some production in South Korea citing China supply chain disruption

Then all Korea:

• Yonhap report that Hyundai will stop all production lines in Korea this week

S&P Global Ratings now warning that steps taken to limit the spread of coronavirus in China will disrupt the global auto supply chain

• "We estimate the current two-week production shutdown imposed in the Chinese province of Hubei will knock 2 per cent to 4 per cent off total annual production in the region, which is home to about 9 per cent of the total Chinese auto production"
• up to a half of Chinese auto and auto-parts production could be hit if China extends shutdowns outside Hubei to control the spread of the virus
• S&P identified Volkswagen as the company with the largest exposure to China

S&P info via the FT