Hyundai Motor Company Q3 profit slumps 29% as US tariffs bite

Hyundai Motor Company posted operating profit of 2.5 trillion won (~US$1.76 billion) for the July-September quarter, down from 3.6 trillion won a year earlier. The South Korean automaker said the drop was driven by rising U.S. tariffs and higher costs, in spite of solid vehicle sales. Hyundai said it is evaluating production shifts and cost-cutting measures while assessing the tariff impact. The result underlines the pressure on global automakers from trade policy and margin squeezes, especially as EV transition and supply-chain realignment add costs.