Hyundai Motor Group's H1 operating profit ranks No. 2 globally, surpasses Volkswagen

Hyundai Motor Group ranked second globally in operating profit during the first half of this year, surpassing Germany's Volkswagen Group, industry data showed Sunday. The combined operating profit of Hyundai Motor and Kiatotaled 13.01 trillion won ($9.35 billion) for the January-June period. By comparison, Volkswagen Group, the world's second-largest automaker by sales volume, recorded an operating profit of 6.7 billion euros (10.86 trillion won) during the same period. It was the first time Hyundai Motor Group has outperformed Volkswagen Group in operating profit on a half-year basis. Hyundai, currently ranked third globally in sales volume, is believed to have narrowed the gap with Volkswagen on the back of its swift response to market disruptions amid U.S. tariff measures, such as inventory adjustments and production management. "Although Hyundai Motor Group saw its first-half operating profit fell by more than 10 percent, it performed relatively well compared with competitors like Toyota Group, which faced over 4 trillion won in tariff-related costs," an industry official said. ToyotaWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times