Hyundai halts all exports out of South Korea

It's summertime, and that means swimming, road trips and union labor strikes that disrupt the flow of exports out of South Korea. The recent strikes at auto assembly plants in South Korea have caused Hyundai to suspend vehicle exports for the time being. No worries, though. Hyundai has built up a three-month stock of vehicles Hyundais and Kias already shipped overseas. That doesn't mean the strikes aren't taking their toll, though. So far, The Detroit News reports the strikes have cost Hyundai 78,616 vehicles in lost production, which is worth about $1.13 billion.
[Source: The Detroit News]