Renault to halt output at South Korean unit due to China supply disruptions
PARIS (Reuters) - French carmaker Renault said on Friday its South Korean subsidiary RSM would suspend production at its Busan site for four days from Feb.
PARIS (Reuters) - French carmaker Renault
"Because of its geographical proximity, the Busan plant is the site that is most exposed to supply disruptions in China," a Renault spokeswoman told Reuters.
She said Renault and its alliance partner Nissan <7201.T> were working closely on the supply disruptions as the Busan unit produces the Nissan Rogue SUV.
Renault extended on Monday the shutdown at its factory in China's Wuhan until Feb. 13, in line with the Chinese government's guidance following the coronavirus outbreak.
Fiat Chrysler
(Reporting by Gilles Guillaume; Writing by Matthieu Protard; Editing by Louise Heavens and Mark Potter)
This story has not been edited by Firstpost staff and is generated by auto-feed.
also read
France, Germany to agree to NATO role against Islamic State - sources | Reuters
By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
China's Xi says navy should become world class | Reuters
BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.