Earlier in the week, Hyundai Motor announced its decision to sell its plant in St. Petersburg, Russia, to Russia's Art-Finance for 10,000 rubles, or $110. The deal incorporates a two-year buyback ...

Hyundai Motor has extended the suspension of its Russian plant until the end of this year, once again putting its destiny at a crossroads. The Korean automaker renewed the downtime of the plant in St.

The latest corporate victim in this saga is multinational automaker, Hyundai, who announced this week that it will sell its plant in Russia for a tremendous loss. The Hyundai factory in St ...

Hyundai Motor says it is considering “various options” for its suspended factory in Russia, following a report that the South Korean automaker is discussing the plant’s sale to a Kazakhstan ...

South Korea's Hyundai Motor plans to sell its plant in Russia for a nominal $77.67, a company official said on Tuesday, making it the latest global automaker to sell Russian assets since the ...

South Korean media reported in October that Hyundai was considering options for its Russian operations including selling its manufacturing plant. Most Western car factories in Russia are now idle ...

Hyundai and Kia sold a combined 378,000 vehicles in Russia in 2021 ... began recruiting staff for positions in quality management, plant operations, human resources and accounting, while another ...

Hyundai and Kia were among the top-selling automotive brands in Russia before the war. In December 2023, Hyundai sold its plant in St. Petersburg for a symbolic $120, but retained a buyback option ...

SEOUL, Dec 19 (Reuters) - South Korea's Hyundai Motor (005380.KS), opens new tab plans to sell its plant in Russia for a nominal 7,000 roubles ($77.67), a company official said on Tuesday ...