Hyundai Misses First-Quarter Estimates as Tariffs and Demand Weigh
Hyundai Motor reported first-quarter earnings that missed estimates, as South Korea’s largest automaker grappled with US tariffs and cooling demand in key markets. The company also said sales volumes were affected by conflict in the Middle East and flagged growing uncertainty across the global auto industry.
Even so, Hyundai said its global market share rose to 4.9% in the first quarter from 4.6%, while raw material prices showed a gradual downward trend.
From the sources (7 posts)
@firstsquawkHyundai Motor: Sales volumes affected by Middle East conflict
@firstsquawkHyundai flags growing uncertainty across the global auto industry
@firstsquawkHyundai reports global market share climbed to 4.9% in the first quarter, up from 4.6%
@businessHyundai first-quarter earnings missed estimates, as South Korea’s largest automaker grappled with US tariffs and cooling demand in key markets
@firstsquawkHyundai Motor: Plans to restore production to normal levels in H2 amid engine valve concerns
@firstsquawkHyundai reports a gradual downward trend in raw material prices
@firstsquawkHyundai Motor plans to introduce a new Ioniq brand in China in the second half of the year