9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
The Korean automaker plans to sell the St. Petersburg plant to a Kazakhstan company. However, this does not mean Hyundai’s complete withdrawal from our market. On the contrary,
The South Korean TV channel MBC reports that the negotiations on the realization of the assembly point have reached a final stage. The media reports that the future owner of the enterprise will be the Kazakh company Astana Motors. Recall that earlier Allur, which also assembles Hyundai models in this country, was mentioned as a possible buyer. In addition, the possibility of transferring the factory to the Russian government was also considered. However, this path was considered less promising.
Hyundai Motor headquarters confirmed the fact of the negotiations, but details, including the cost of the transaction, were not disclosed. Now the parties are waiting for the approval of the authorities of the Russian Federation. The procedure should go smoothly, as other car manufacturers have already made similar decisions.
Chances are that the agreement will include the right to buy back the company within a few years. After all, Nissan plants in St. Petersburg and Mercedes-Benz in the Moscow region were sold on similar terms.
The South Korean TV channel MBC reports that the negotiations on the realization of the assembly point have reached a final stage. The media reports that the future owner of the enterprise will be the Kazakh company Astana Motors. Recall that earlier Allur, which also assembles Hyundai models in this country, was mentioned as a possible buyer. In addition, the possibility of transferring the factory to the Russian government was also considered. However, this path was considered less promising.
Hyundai Motor headquarters confirmed the fact of the negotiations, but details, including the cost of the transaction, were not disclosed. Now the parties are waiting for the approval of the authorities of the Russian Federation. The procedure should go smoothly, as other car manufacturers have already made similar decisions.
Chances are the agreement will include the right to buy back the company within a few years. After all, Nissan plants in St. Petersburg and Mercedes-Benz in the Moscow region were sold on similar terms.
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
