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Hyundai Is Taking a Major Loss, Sells Its Plant in Russia for $111

Hyundai decided to sell its factory in Russia following the federation’s invasion of Ukraine. The factory has not been active for almost two years,.

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Hyundai Motor to sell auto plant in Russia

Hyundai Motor Group said Tuesday it has decided to sell its entire shares of its car manufacturing plant in Russia, which has been temporarily shut down because of Russia's invasion of Ukraine, to a Moscow-based company, ending a decadelong operation. The carmaker’s board of directors approved selling Hyundai Motor Manufacturing Russia in St. Petersburg, along with a General Motor plant it acquired in 2020.

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Hyundai Motor decides to sell Russian plant suspended amid Ukraine war

Hyundai Motor, Korea s largest automaker, said Tuesday it decided to sell its Russian manufacturing plant, which has been suspended due to the impact of the Russia-Ukraine war.

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Hyundai approves Russia plants sale

Hyundai approves Russia plants sale
just-auto.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from just-auto.com Daily Mail and Mail on Sunday newspapers.

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Used passenger car sales in Russia increase 20% over 11 months, 5 6 times higher than new car sales

Used passenger car sales in Russia increase 20% over 11 months, 5 6 times higher than new car sales
interfax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from interfax.com Daily Mail and Mail on Sunday newspapers.

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