Tariffs impact on profit
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Hyundai Motor's third-quarter profit slumps as US tariffs weigh
Reutersยท 2025-10-30 05:20
Core Insights - Hyundai Motor experienced a 29% decline in third-quarter operating profit, primarily due to the impact of U.S. tariffs on the company [1] Company Summary - The decline in operating profit indicates significant challenges faced by Hyundai Motor in the current market environment [1] - The U.S. tariffs have been identified as a key factor negatively affecting the company's financial performance [1] Industry Summary - The automotive industry is facing increased pressure from tariffs, which can lead to reduced profitability for manufacturers operating in affected markets [1] - The situation highlights the broader implications of trade policies on global automotive companies [1]