No takers: Hyundai cars sit in U.S. ports as virus keeps buyers away

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SEOUL (Reuters) – As Detroit’s automakers shut production in March due to the coronavirus pandemic, South Korea’s Hyundai Motor cranked up its factories back home to ship cars to the United States, a move that is proving costly for the world’s fifth-largest auto group.

FILE PHOTO: A man walks past the logo of Hyundai Motor during the 2019 Seoul Motor Show in Goyang, South Korea, March 28, 2019. REUTERS/Kim Hong-Ji/File Photo

Hyundai (005380.KS) ramped up domestic production to as much as 98% of capacity by late March, not only as the Korean market was recovering from a bad

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