Hyundai Motor CEO Says China Capacity Cuts Being Considered: Sources

Hyundai Motor CEO Says China Capacity Cuts Being Considered: Sources
Hyundai cars are seen at a plant of Hyundai Motor Co on the outskirts of Beijing on Jan. 25, 2019. Jason Lee/Reuters
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SEOUL—Hyundai Motor Co, which is reeling from tumbling sales in China, is considering cutting capacity at its factories in its biggest market, Chief Executive Lee Won-hee said, according to two people with direct knowledge of the matter.

Lee made the comments at a meeting with analysts and investors on Feb. 27, the people who attended the event told Reuters.