Reported about 3 hours ago
Hyundai Motor plans to produce over 80% of its vehicles for the U.S. market in America by 2030, as it increases capacity at its Georgia factory. The automaker has adjusted its 2025 operating profit margin target from 7-8% to 6-7% due to U.S. tariffs, while still projecting an improvement in profit margins over the coming years. Additionally, Hyundai aims to expand its hybrid lineup and introduce new electric vehicles, despite facing significant tariff costs.
Source: YAHOO