Hyundai Motor said Q2 operating profit for the three months to June 30 was KRW
2.85 tln (USD 1.9 bln), down about 21% YoY and below analysts’ KRW 3.1 tln
forecast. Revenue rose roughly 2% to KRW 49.2 tln, a quarterly record. The
company cited weaker global retail vehicle sales, U.S. cancellation of EV
support measures and intensifying competition—particularly from Chinese
automakers—as key demand pressures; tariffs are also weighing on performance in
Europe and Asia despite increased North American sales. Wage talks with unions
remain deadlocked, and strike-related stoppages are costing the company millions
of dollars per hour.
