Reported 1 day ago
Hyundai Motor has established a task force to tackle U.S. tariffs and is moving production of some Tucson crossovers from Mexico to the United States. The automaker plans to increase local sourcing of components while maintaining consistent pricing for existing models until June. Despite challenges from trade conflicts, Hyundai reported a 2% rise in operating profit for the first quarter, driven by favorable currency conditions and a surge in hybrid vehicle sales.
Source: YAHOO