Hyundai profit falls 21% on US tariffs, supply chain disruption

Automaker confirms it is buying out SoftBank's stake in robotics startup Boston Dynamics A Hyundai Motor production line in South Korea. The automaker's output in the second quarter was hit by a fire at an engine valve supplier. (Nikkei montage/Source photos by Suzu Takahashi and Kotaro Hosokawa) SEOUL — Hyundai Motor's operating profit fell more than 20% in the second quarter of this year as it was hit by high U.S. tariffs and a fire at an engine valve supplier that hurt production of premium models.

Read the full article at the source →