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5h agoHyundai Motor Company Q3 profit drops 29% but full-year targets held
Hyundai Motor Company reported third-quarter operating profit of ₩2.5 trillion (~US$1.76 billion), down 29% year-on-year as U.S. tariffs hit hard. The automaker said the U.S. remains its largest market, contributing about 40% of revenue, while tariffs cost it ₩1.8 trillion in the quarter. Despite this, Hyundai reaffirmed its full-year revenue and profit-margin targets, citing a new U.S.–South Korea trade deal that may lower the tariff rate to 15%. It also noted U.S. retail sales rose 12.7% and hybrid models now account for 20% of U.S. sales.
cautious
5h agoHyundai Motor Company Q3 profit drops 29% but full-year targets held
Hyundai Motor Company reported third-quarter operating profit of ₩2.5 trillion (~US$1.76 billion), down 29% year-on-year as U.S. tariffs hit hard. The automaker said the U.S. remains its largest market, contributing about 40% of revenue, while tariffs cost it ₩1.8 trillion in the quarter. Despite this, Hyundai reaffirmed its full-year revenue and profit-margin targets, citing a new U.S.–South Korea trade deal that may lower the tariff rate to 15%. It also noted U.S. retail sales rose 12.7% and hybrid models now account for 20% of U.S. sales.
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cautious
Hyundai Motor Company Q3 profit drops 29% but full-year targets held
about 5 hours ago
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Hyundai’s Q3 profit plunged 29% due to U.S. tariffs though it kept full-year targets intact amid trade-deal hopes.
Hyundai Motor Company reported third-quarter operating profit of ₩2.5 trillion (~US$1.76 billion), down 29% year-on-year as U.S. tariffs hit hard. The automaker said the U.S. remains its largest market, contributing about 40% of revenue, while tariffs cost it ₩1.8 trillion in the quarter. Despite this, Hyundai reaffirmed its full-year revenue and profit-margin targets, citing a new U.S.–South Korea trade deal that may lower the tariff rate to 15%. It also noted U.S. retail sales rose 12.7% and hybrid models now account for 20% of U.S. sales.
Hyundai Motor Company reported third-quarter operating profit of ₩2.5 trillion (~US$1.76 billion), down 29% year-on-year as U.S. tariffs hit hard. The automaker said the U.S. remains its largest market, contributing about 40% of revenue, while tariffs cost it ₩1.8 trillion in the quarter. Despite this, Hyundai reaffirmed its full-year revenue and profit-margin targets, citing a new U.S.–South Korea trade deal that may lower the tariff rate to 15%. It also noted U.S. retail sales rose 12.7% and hybrid models now account for 20% of U.S. sales.
Companies:
Hyundai Motor Company
Tags:
stocks
automotive
stocks
automotive
trade policy
corporate earnings
South Korea
Oct 30, 2025 • 13:52 IST