Hyundai Motor Warns of More Pain From Tariffs After Profit Drops
- Carmaker seeks to minimize risks related to U.S. import duties
- Quarterly earnings miss estimates after South Korean won gains
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Hyundai Motor Co. joined a growing list of carmakers warning of more troubles ahead from a prolonged trade dispute after reporting quarterly earnings that missed analysts’ estimates.
An extended trade conflict would have the potential to weaken demand for cars, Vice President Koo Zayong said on a conference call with investors Thursday. The dispute could also weigh on economic growth, intensifying competition among automakers in China, he said.