Hyundai Motor Company Q3 profit drops 29% but full-year targets held

Hyundai Motor Company reported third-quarter operating profit of ₩2.5 trillion (~US$1.76 billion), down 29% year-on-year as U.S. tariffs hit hard. The automaker said the U.S. remains its largest market, contributing about 40% of revenue, while tariffs cost it ₩1.8 trillion in the quarter. Despite this, Hyundai reaffirmed its full-year revenue and profit-margin targets, citing a new U.S.–South Korea trade deal that may lower the tariff rate to 15%. It also noted U.S. retail sales rose 12.7% and hybrid models now account for 20% of U.S. sales.