Nissan, Hyundai Warn of Worse to Come If Trade Tensions Escalate
- Hyundai says that prolonged dispute would weigh on car demand
- Carmakers’ earnings trail estimates amid sputtering demand
This article is for subscribers only.
Nissan Motor Co. and Hyundai Motor Co. warned of more consequences from the ongoing tit-for-tat tariff war between the U.S. and its trade partners including China, joining a chorus of negative voices from the Detroit automakers.
Car prices would rise with additional tariffs by the U.S., Nissan Corporate Vice President Joji Tagawa told reporters in Yokohama Thursday. He also said the risks of a conflict between the U.S. and the European Union haven’t been completely eliminated. An extended dispute would have the potential to weaken car demand, Hyundai Vice President Koo Zayong said in Seoul.