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
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