Hyundai Motor reports earnings shock amid US tariff
Hyundai Motor reported a sharp drop in second-quarter earnings, hit hard after the U.S. imposed 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 performance 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 imposed the tariff in April. It suffered an operating profit fall worth 828.2 billion won to cover the cost of the tariff, the carmaker said during a conference call. Net profits also suffered a bigger drop of 22.1 percent, to 3.25 trillion won. The carmaker was not exposed to the tariff shock during the entire second quarter by utilizing sales of its U.S. inventories, but as they are nearly out of stock, the company will have to deal with a bigger tariff impact in the latter half of this year. Hyundai Motor’s thi
Jul 24, 2025By Lee Min-hyung
