Hyundai Motor says various options under review for Russia plant

SEOUL, March 10 (Reuters) – Hyundai Motor is reviewing “various options” for its Russia plant but no details have been decided yet, the automaker said in a regulatory filing on Friday.

The clarification comes after a report by Yonhap news agency on Thursday that Hyundai was negotiating the sale of its manufacturing plant in Saint Petersburg, Russia with a Kazakhstan company, citing Russian media.

The company also said it will make an announcement on the issue when a decision has been made, or within one month.

Reporting by Hyunsu Yim; Editing by Himani Sarkar