Hyundai Motor reports bigger-than-expected profit fall in Q4 as US tariffs bite

Hyundai Motor reports bigger-than-expected profit fall in Q4 as US tariffs bite

SEOUL, Jan 29 (Reuters) – Hyundai Motor on Thursday reported a 40% fall in fourth-quarter operating profit versus ‍a year earlier, missing analysts’ estimates by a big margin, as U.S. tariffs offset the positive impact of a weaker South Korean currency. This marks the third consecutive ‌decline in quarterly profit for ‌the South Korean automaker, as the U.S. administration slapped 25% tariffs on autos in April which were slashed to 15% in Novemb…

Hyundai Motor reports bigger-than-expected profit fall in Q4 as US tariffs bite - Regional Media News

SEOUL, Jan 29 (Reuters) - Hyundai Motor on Thursday forecast higher sales and profit margin in 2026 after reporting a worse-than-expected 40% fall in fourth-quarter operating profit as a result of U.S. tariffs. This marks the third consecutive decline in quarterly profit for the South Korean automaker, as the U.S. government under President Donald Trump slapped 25% tariffs on imported autos in April, which were slashed to 15% in November after a…