Hyundai Motor says various options under review for Russia plant
FILE PHOTO: The logo of Hyundai Motor Company is pictured at the New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Andrew Kelly
SEOUL :Hyundai Motor is reviewing "various options" for its Russia plant but no details have been decided yet, the automaker said in a regulatory filing on Friday.
The clarification comes after a report by Yonhap news agency on Thursday that Hyundai was negotiating the sale of its manufacturing plant in Saint Petersburg, Russia with a Kazakhstan company, citing Russian media.
The company also said it will make an announcement on the issue when a decision has been made, or within one month.
Source: Reuters
