Seoul/Shanghai — Shares in Hyundai Motor and its suppliers slid on Friday on fresh worries over its position in China after highly critical state newspaper comments — even as it managed to get a Chinese car plant restarted. The South Korean car maker has been at odds with partner BAIC Motor over their supplier strategy, sources have said — a rift that appears to be at the root of problems over some of its European suppliers not being paid on time, leading to plant stoppages. China’s state-run Global Times weighed in on the thorny situation, running an article in its English edition on Thursday that cited unidentified sources describing BAIC as highly critical of Hyundai. The newspaper followed up with commentary on Friday lambasting Seoul for its decision to deploy the US anti-missile defence system, Thaad — a diplomatic stand-off that has been hurting Hyundai and other South Korean firms that are highly reliant on the Chinese market. Sources have said BAIC wants to shift to cheaper...
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