Hyundai-Kia reports record sales in US in January
South Korean automaker Hyundai Motor Group (HMG), including Hyundai Motor and Kia Corporation, reported record vehicle sales in the US…
Trump Tariffs
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Hyundai’s net profits drop in 2025, hit by US tariffs
Hyundai Motor Company reported a 22% drop in net profits to KRW 10.365 trillion (US$7.2 billion) in 2025, blamed largely…
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US cuts tariffs on South Korean imports to 15%
The US government has confirmed that tariffs on vehicles imported from South Korean have been reduced to 15%, down from…
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US yet to cut tariffs on Korean imports to 15%
South Korea’s largest automakers face continued pressure on earnings, with the US yet to follow through on an agreement reached…
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Kia’s net profits plunge 37% in Q3, despite strong revenue growth
South Korean automaker Kia Corporation reported a 37% year-on-year drop in net profits to KRW 1.42 trillion (US$ 997 million)…
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Hyundai’s profit falls 20% in Q3 on US tariffs
South Korean automaker Hyundai Motor Company reported a 20.5% drop in net profits to KRW 2.548 trillion (US$1.8 billion) in…
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Nissan warns of full-year operating loss of $1.8bn amid market headwinds
Nissan has warned that it could post a full-year operating loss of Y275bn ($1.8bn) on net revenues of Y11.7tn for…
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South Korea, US announce breakthrough in trade negotiations
South Korea announced a major breakthrough in its prolonged trade negotiations with the US, following a top-level meeting between the…
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Toyota denies commitment to $10bn US investment amid Trump remarks
Japan-based automotive manufacturer Toyota Motor did not explicitly commit to a fresh $10bn investment in the US, reported Reuters, citing…
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Hyundai resumes US exports to Canada
Hyundai Motor Company has resumed exports to Canada from its US operations in the last two months, after shipments were…
