S. Korea's Hyundai Motor to sell suspended Russian factory

0 Comment(s)Print E-mail Xinhua, December 19, 2023
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SEOUL, Dec. 19 (Xinhua) -- South Korea's biggest automaker Hyundai Motor Tuesday decided to sell its suspended Russian factory to a Russian company.

The board of directors meeting was held earlier in the day, approving the plan to sell the South Korean firm's entire stake in Hyundai Motor Manufacturing Rus to Moscow-based Art-Finance.

The Saint Petersburg-based manufacturing plant, launched in 2010, has suspended operation since March last year.

Hyundai said it will continue to provide after-sales services and other customer care businesses to support Hyundai vehicle owners in Russia. Enditem

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