hyundai motor posts 48 pct drop in q2 net profit
Wednesday 30 July 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

On China snub

Hyundai Motor posts 48 pct drop in Q2 net profit

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleHyundai Motor posts 48 pct drop in Q2 net profit

China snub hits Hyundai's sales
Seoul - Muslimchronicle

South Korea's top automaker Hyundai Motor Wednesday posted a 48 percent drop in second-quarter net profit as China retaliated against South Korean exporters over a new US missile defence system.

Hyundai reported net profit of 913.6 billion won ($814 million) in  April-June, down from 1.764 trillion won a year earlier.

"Hammered by fallouts from THAAD, net profit has decreased," the company said in a statement, referring to the US system known as Terminal High Altitude Area Defence (THAAD).

Seoul and Washington say the newly-installed system is intended to guard against missile threats from the nuclear-armed North.

But China strongly objects to the deployment, fearing THAAD's radar  will spy on its own ballistic capabilities and upset the regional security balance. 

Sales in China plunged a whopping 64 percent year-on-year to 105,000 vehicles in the second quarter.

Worldwide, Hyundai sold 1.1 million cars including 182,000 in South Korea in the three months to June, down 13.8 percent year-on-year.

The company recorded strong sales in emerging markets like Russia and Brazil but falls in China resulted in a drop in overall overseas sales.

Hyundai said it would add new sports utility vehicles to its lineup and start rolling out the next-generation Genesis sedans later this year in the face of mounting competition and slow global growth.

Hyundai along with its affiliate Kia Motors is the world's fifth largest automaker.

Source: AFP

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

hyundai motor posts 48 pct drop in q2 net profit hyundai motor posts 48 pct drop in q2 net profit

 



Themuslimchronicle, themuslimchronicle

GMT 12:29 2016 Friday ,30 December

Burberry to launch Liquid Lip Velvet

GMT 09:55 2018 Tuesday ,23 January

Washington chooses Syria as its battleground

GMT 10:50 2017 Wednesday ,12 July

UAE para-athlete dies in training accident

GMT 15:54 2017 Friday ,28 July

Putin signs law to keep Russian base in Syria

GMT 08:03 2017 Thursday ,06 July

Qatar Airways says flights now exempt

GMT 00:44 2012 Wednesday ,09 May

Larger-than-life leader

GMT 10:00 2017 Tuesday ,04 April

S&P cuts South Africa's credit rating to 'junk'

GMT 09:02 2017 Wednesday ,15 March

Test of maturity for Kohli and Smith in Ranchi

GMT 15:13 2017 Thursday ,31 August

Jordan condemns Daesh's killing of 11 Libyans

GMT 16:23 2017 Friday ,03 November

UN’s support of Houthi militias is unacceptable

GMT 07:18 2018 Friday ,19 January

IMF urges Germany to loosen purse strings

GMT 19:42 2017 Monday ,06 March

Turkey's constitutional referendum heightens

GMT 01:24 2012 Friday ,11 May

Power in Political Islam

GMT 14:11 2017 Monday ,24 April

BMW reveals i8 Protonic special edition

GMT 23:26 2018 Thursday ,04 January

US, S. Korea agree to suspend military drills

GMT 09:10 2018 Wednesday ,03 January

Japan emperor greets New Year well-wishers

GMT 09:37 2016 Tuesday ,27 December

Kuwait jails Filipina for joining Daesh jihadists

GMT 10:12 2017 Thursday ,31 August

France seeks 600 mn in taxes from Microsoft: report

GMT 13:16 2017 Thursday ,09 March

Israeli law banning prayer call rejected
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle