Hyundai Motor reports earnings shock amid US tariff

Hyundai Motor reported a sharp drop in second-quarter earnings, hit hard by the aftermath of the U.S. imposition of a 25-percent auto tariff, the carmaker said Thursday. The Korean carmaker’s operating profit came in at 3.6 trillion won ($2.63 billion) between April and June, down 15.8 percent from the previous year. Its sales, however, increased 7.3 percent to 48.28 trillion won during the same period on robust sales in North America, the carmaker said. Hyundai Motor has gone all-out to defend against the tariff shock by focusing on sales of its inventories in the U.S., after the country started imposing the tariff from April.Weiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times