Hyundai reportedly exits Russia almost two years after the Ukraine invasion.

Hyundai, a South Korean carmaker, has become the latest automotive brand to leave the Russian market following its invasion of Ukraine two years ago. Other brands, including Volkswagen, Toyota, Ford, Mercedes-Benz, Honda, BMW, Nissan, Renault, and Hyundai, also suspended operations due to supply interruptions. Hyundai recently offloaded its two Russian factories to Art-Finance, causing a projected loss of 287 billion won.

January 29, 2024
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