Hyundai Motor Company today held a Board of Directors meeting, approving a plan to sell its entire stake in Hyundai Motor Manufacturing Rus (HMMR LLC) to Art-Finance LLC.
The operation of St. Petersburg-based HMMR has been suspended since March 2022.
Hyundai is currently making final arrangements with Art-Finance for details of the deal.
To support Hyundai vehicle owners in Russia, Hyundai will continue to provide after-sales services and other customer care businesses.
