Korean Hyundai Motor's sales fell 13% year-on-year to 275,44 cars globally in February amid the outbreak of the Corona virus that disrupted component supplies From China.
According to Reuters, Hyundai, along with its subsidiary Kia Motors, ranks fifth in the world auto industry. It is the first major company to announce February sales as the virus spreads, showing investors the potential impact on the industry.
On Friday, Hyundai closed a factory in South Korea after it was confirmed that a worker had contracted the virus, affecting the production of popular models such as Balisad. A spokesman for the factory said it had been resumed.
The virus, which originated in China, has killed nearly three thousand people and disrupted global financial markets as investors and policymakers prepare for a blow to global growth. In South Korea, most infections are found outside the mainland.
