Hyundai Motor opts not to buy back its former factory in Russia amid war with Ukraine
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.
February 2, 2026
Hyunjoo Jin/Reuters
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.
Andrew Kelly/Reuters
SEOUL- 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/Reuters
TOP BUSINESS STORIES
BIR suspends mandatory online registration seal requirement
Mixed fuel price adjustments in PH set October 27
Hong Kong embraces longer Halloween celebrations to boost festive business
LATEST NEWS
DepEd issues school safety, learning continuity protocol for strong El Niño
German mountaineer dies while climbing Nepal’s Ama Dablam
DPWH assures smooth traffic on Maharlika Highway during Undas
Paraluman News Publication, Inc.
desk@myparaluman.ph
Tektite Towers (East), Exchange Road
Ortigas Center. San Antonio 1600
City of Pasig, NCR, Philippines
+63284298877
EXPLORE
Editorial Standards and Code of Ethics
Privacy Policy
User Policy
COMMUNITY
Contributor and Campus Voices Terms
Advertise with Paraluman News
ACCOUNTABILITY & SAFETY
Submit a Claim for Fact-Checking
© 2026 Paraluman News Publication