Hyundai Motor Co on Thursday reported a 7% fall in third-quarter operating profit, hurt by warranty costs for its Santa Fe SUVs and as a global slowdown in car demand weighed. Hyundai Motor, which together with affiliate Kia Corp is the world's third-biggest automaker by sales,

Hyundai has reported a 7% drop in Q3 operating profit, citing a slowdown in demand & increased competition in the global auto industry

Hyundai Motor Reports 7% Decline in Q3 Operating Profit Hyundai Motor Co. announced a 7% decline in operating profit for the third quarter of 2024, primarily due to warranty costs related to its Santa Fe SUVs and

Hyundai Motor Co on Thursday reported a 7% fall in third-quarter operating profit in a sign the global slowdown in car demand is impacting the South Korean carmaker.

Hyundai Motor Company reported 3.58 trillion won ($2.5 billion) in third-quarter operating profit Thursday, down 6.5 percent from the same quarter last year and missing the market consensus of 3.9 trillion won.

SEOUL, Oct. 24 (Yonhap) -- South Korea's Hyundai Motor Co. said Thursday its third-quarter net profit fell 3 percent from a year earlier due to increased incentives and costs in global markets.

Hyundai Motor posted operating profit of 3.58 trillion won, down 6.5 percent on year, to fall short 290 billion won short of market expectations.