Thursday 24/July/2025 – 03:12 PM
Hyundai Motor announced a sharp decrease in the profits of the second quarter, which is strongly affected by the imposition of the United States of Customs on car by car by 25%, according to the company announced on Thursday.
Hyundai Motor announces a decrease in the profits of the second quarter due to the American drawings
According to Reuters, the operating profits of the Korean auto industry company reached 3.6 trillion Won ($ 2.63 billion) between April and June, a decrease of 15.8% from the previous year.
On the other hand, its sales increased by 7.3% to 48.28 trillion Won during the same period, thanks to the strong performance in North America, according to the company.
Hyundai Motor made her best to counter the trauma of customs duties by focusing on sales of its stocks in the United States, after the country imposed customs duties in April.
While the auto company announced during a conference that it suffered from a decrease in its operating profits of 828.2 billion, to cover the cost of customs tariffs, and net profits suffered from a greater decrease of 22.1%, to reach 3.25 trillion Won.
The auto company was not affected by the shock of the customs tariff during the entire second quarter by using its American stock sales, but due to almost its depletion, the company will have to deal with a greater tariff impact in the last half of this year.
