04 February 2025
04 February 2025
Extended holidays and weaker consumer sentiment hold back sales.
Mexico and Canada tariffs pause is to allow for further negotiations.
The European automotive industry could face €15bn ($15.4bn) in fines for missing the targets.
For 2025, Hyundai aims to surpass 4.17 million units in global sales, including the Genesis brand.
The deal includes the transfer of all shares of Nippon Giant Tire and Goodyear Earthmover in Australia, and other global assets.
Sales affected by Lunar New Year holidays.
This move reportedly comes as the luxury carmaker faces challenges in addressing sluggish sales.
The firm continues its search for a new permanent CEO that was initiated in early December 2024.
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