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March 10, 2023 05:16 AM

Hyundai says several options under review for Russia plant

The clarification comes after a report said Hyundai was negotiating the sale of its manufacturing plant in Saint Petersburg, Russia with a Kazakhstan company.

Reuters
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    Hyundai Solaris production Russia

    Production of the Hyundai Solaris is pictured in Russia.

    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.

    The clarification on Friday 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.

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