Moreover, the South Korean manufacturer does not confirm the sale of the enterprise to the Kazakh company.
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The South Korean manufacturer does not confirm its sale to a Kazakh company.
Hyundai has promised to report within a month on the future of its Russian plant located in St. Petersburg. The automaker called it premature to claim that the plant will be sold to a company from Kazakhstan.
Hyundai is considering “various options” for its plant in Russia, but details are yet to be determined, the automaker said in a statement. Hyundai promised to announce the decision as soon as it is made or within one month.
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At the same time, last week it was announced the completion of the reorganization procedure at the enterprise and the reduction of employees.
As previously reported, the Ministry of Industry and Trade and the government of St. Petersburg, together with Hyundai, are looking for ways to resume the work of the St. Petersburg site. In particular, it was reported that negotiations were underway with an investor from Kazakhstan. “Behind the wheel” can also be read on VKontakte.
Source: Reuters
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