Hyundai Motor did not exercise option to buy back Russian auto factory

Mazda Motor

02/02/2026 24:05

SEOUL, Feb 2 (Reuters) - South Korean automaker Hyundai Motor 005380.KS 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.

 (Reporting by Hyunjoo Jin; Editing by Himani Sarkar)

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