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December 23, 2020

Hyundai-Kia completes acquisition of GM Russia plant

Hyundai Motor Group has completed the acquisition of General Motors' St. Petersburg factory, according to reports.

By Sam Duke

Hyundai Motor Group has completed the acquisition of General Motors’ St. Petersburg factory, according to reports.

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Gauge the impact of shifting M&A volumes in Automotive

Deal-making sentiment seems to have emerged stronger out of the downturn as M&A activity reached a record high during 2021. The momentum set in towards the end of 2020, continued through 2021 with all the quarters reporting deals with a cumulative value of around $1 trillion across the year.  While most deals-based analyses focus on the win or lose for deal participants, GlobalData's League Tables provide you with insights on the Automotive players benefitting from these M&A volumes. The deal types covered in our report include: 
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Reuters reported that a Hyundai spokesperson told reporters that Hyundai has now completed the purchase and therefore now has two Russian manufacturing facilities.

The US carmaker completed construction of the St Petersburg US$300m St. Petersburg plant in 2008 but halted operations in 2015 after it decided to withdraw from Russia along with numerous other markets worldwide.

The Reuters report noted that the GM factory has a capacity of up to 100,000 cars per year, but closed in 2015 as part of GM’s decision to rationalise its international operations.

Hyundai already has a 240,000 units a year vehicle assembly plant in St Petersburg which makes the Accent based Solaris passenger car, the Creta crossover and Kia light commercials with total output exceeding 91,000 units in the first half of 2020.

Free Report
img

Gauge the impact of shifting M&A volumes in Automotive

Deal-making sentiment seems to have emerged stronger out of the downturn as M&A activity reached a record high during 2021. The momentum set in towards the end of 2020, continued through 2021 with all the quarters reporting deals with a cumulative value of around $1 trillion across the year.  While most deals-based analyses focus on the win or lose for deal participants, GlobalData's League Tables provide you with insights on the Automotive players benefitting from these M&A volumes. The deal types covered in our report include: 
  • Mergers 
  • Acquisitions 
  • Asset transactions 
  • Private equity buyouts 
Use our report to understand your company’s performance across target regions and get insight into the volumes your competitors are able to generate in your markets of focus. 
by GlobalData
Enter your details here to receive your free Report.

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