Exclusive-Hyundai not in a position to buy back Russian auto factory, source says

By Hyunjoo Jin, Heejin Kim and Gleb Stolyarov SEOUL/MOSCOW, Dec 29 (Reuters) - South Korean automaker Hyundai is not in a position to repurchase its former manufacturing plant in Russia due to the continuing war in Ukraine, a source familiar with the matter told Reuters, as a ​buyback option appears set to expire next month. Along with its affiliate Kia, Hyundai was once the biggest foreign carmaker in Russia. But it sold ‌its plant in St. Petersburg in 2024. Operations at the facility had been suspende ...