Hyundai Motor says it doesn’t know when Russian plant operations will resume By Reuters

© Reuters. FILE PHOTO: The logo of Hyundai Motors is seen at the company’s headquarters in Seoul, South Korea March 22, 2019. REUTERS/Kim Hong-Ji

By Heekyong Yang

SEOUL (Reuters) – South Korea’s Hyundai Motor Co said on Friday it had not decided when to resume operations at its assembly plant in St Petersburg, Russia, citing continuing problems with the delivery of components.

“Hyundai Motor Company (OTC:) is deeply concerned about the situation in Ukraine. We can confirm that Hyundai Motor Manufacturing Russia (HMMR) operations are suspended until further notice due to ongoing global logistical issues with the delivery of components “, he said in a statement. statement to Reuters.

“The safety of our employees and the care of our customers remain Hyundai Motor’s top priority. We sincerely hope that the situation will be resolved peacefully as soon as possible,” he added.

Operations at the St. Petersburg plant have been suspended since March 1.

The South Korean automaker, which together with its subsidiary Kia Corp is among the world’s 10 largest automakers by sales, builds around 200,000 vehicles a year in Russia, around 4% of its global production capacity. .

Global auto and truck makers, including U.S. automaker General Motors Co (NYSE:) and Germany’s Daimler (OTC:) Truck, this week suspended some operations in Russia following its invasion of Ukraine.

Earlier this week, Swedish automaker Volvo Cars announced it would suspend shipments of cars to the Russian market until further notice, becoming the first international automaker to do so as invasion sanctions continue. to bite.

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