Daewoo halt some production

Daewoo halt some production

SEOUL: Daewoo Commercial Vehicle Corp. and Daewoo Bus recently suspended some of their production lines as their part supplier Tongil Heavy Industries Co. suffers from a prolonged strike, the Korea Economic Daily reports.

Daewoo Bus halted operations of one of its two bus production lines on Friday, and will likely stop the other line soon as it runs out of key auto parts, the newspaper says.

Daewoo Commercial Vehicle also has suspended some truck operations at its Kunsan plant since Tuesday, the paper says.

Tongil Heavy, a supplier of wheel axles and transmissions, halted operations due to its workers' strike.

Daewoo Commercial and Daewoo Bus were spun off from Daewoo Motor Co. as part of the carmaker's restructuring. -Dow Jones