Hyundai Motor did not exercise option to buy back Russian auto factory
- Country:
- South Korea
South Korean automaker Hyundai Motor did not exercise the buyback option for its former manufacturing plant in Russia, the company said, amid the continuing war in Ukraine.
"Hyundai Motor continues to provide warranty repairs and customer care services for previously sold vehicles, and remains committed to maintaining these services going forward," Hyundai said in a statement to Reuters.
Advertisement
ALSO READ
-
Putin and Xi Strengthen Russia-China Economic Ties Amid Global Tensions
-
Diplomatic Channels Open: Russia and France Engage in Technical Talks
-
Stalemate at the Negotiation Table: Russia, Ukraine Talks Continue
-
Xi and Putin Strengthen Sino-Russian Ties Amid Western Pressures
-
Russia's Oil and Gas Revenue Decline: Unveiling Economic Strain
Google News