Hyundai Motor Reports 24% Drop in Q1 Net Profits
Hyundai Motor reported a 23.6% decline in net profits to KRW 2.585 trillion in Q1 2026, driven by global trade tensions, rising costs, and weak sales in key markets like China. Despite a 3.4% increase in global revenues, operating income fell by 31% to KRW 2.5 trillion. The company faces challenges from US import tariffs and a difficult market environment.
Topics: earnings drop global business environment import tariffs market share net profits operating income revenue growth vehicle sales