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Hyundai Motor to sell Russian plant, takes $219m hit

South Korea's Hyundai Motor plans to sell its plant in Russia for a nominal 7,000 roubles ($77.67), a company official said today, making it the latest global automaker to sell Russian assets since the outbreak of the war in Ukraine.
Business • 19 Dec 23

Hyundai Motor sees first quarterly loss in eight years

South Korea's largest automaker Hyundai Motor reported its first quarterly loss in eight years today, with currency swings sending it $180m into the red in the fourth quarter despite improved sales.
Business • 24 Jan 19

S Korea to file complaint against BMW for engine fires

South Korea's transport ministry said it will file a complaint against German luxury carmaker BMW with prosecutors for allegedly delaying recalls and concealing defects that led to several engine fires in the country this year.
Business • 24 Dec 18

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