Hyundai profit falls 21% on US tariffs, supply chain disruption
SEOUL -- Hyundai Motor's operating profit fell more than 20% in the second quarter of this year as it was hit by high U.S. tariffs and a fire at an engine valve supplier that hurt production of premium models.
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A Hyundai Motor production line in South Korea. The automaker's output in the second quarter was hit by a fire at an engine valve supplier. (Nikkei montage/Source photos by Suzu Takahashi and Kotaro Hosokawa)
SEOUL -- Hyundai Motor's operating profit fell more than 20% in the second quarter of this year as it was hit by high U.S. tariffs and a fire at an engine valve supplier that hurt production of premium models.
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