SEOUL — Hyundai Motor Co., which is reeling from tumbling sales in China, is considering cutting capacity at its factories in its biggest market, CEO Wonhee Lee said, according to two people with direct knowledge of the matter.
Lee made the comments at a meeting with analysts and investors on Wednesday, the people who attended the event told Reuters.
He told the meeting that the automaker is considering addressing overcapacity at its old factories in China, while slashing headcount in the country, according to a note from one of the people which was seen by Reuters.
