Global Earnings | Hyundai Motor reports 21% drop in Q2 profit, misses forecasts

Hyundai Motor reported a 21% drop in Q2 operating profit to 2.9 trillion won (about $1.98 billion), missing the 3.2 trillion won analyst forecast. The miss reflects rising energy and raw material costs, U.S. tariff-related supply chain disruptions, and a 16% plunge in South Korean vehicle sales. Despite weak results, shares rose 2% as the company highlighted investments in robotics and software-defined vehicles.