Hyundai Motor says it will suspend production in South Korea because of the coronavirus outbreak, which has affected the supply of parts. In announcing the suspension, Hyundai became the first major automobile manufacturer to reduce operations outside of mainland China. In China, Hyundai and several other automakers have already followed government guidance and ordered factories to close. Those manufacturers include Tesla, Ford, PSA Peugeot Citroen, Nissan and Honda Motor. “Hyundai and Kia may be more affected as they import more parts from China than other global automakers,” said Lee Hang-koo of the Korea Institute for Industrial Economics & Trade. Many other businesses are preparing for losses from the viral outbreak. For some companies, the damage has been delayed, thanks, in part, to timing. The outbreak hit just when Chinese factories and other businesses were closed for the one-week Lunar New Year holiday.