Hyundai’s exit from Russia will reportedly cost the company over $200 million South Korean auto giant Hyundai has announced plans to sell its plant in Russia as the carmaker completes its exit from the country. The facility will reportedly be sold for a nominal fee of just 7,000 rubles ($77.20). The factory near St. Petersburg suspended operations in March 2022 after the manufacturer announced its intention to withdraw from the country, following the launch of Moscow’s military campaign in Ukraine. According to a Hyundai press release, the firm is making final arrangements with Russia’s Art-Finance on a deal to of
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