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Hyundai Motor reports 5.5% rise in Q3 operating profit, beats forecasts
- On Oct 29, Hyundai Motor reported a 5.5% rise in third-quarter operating profit to 2.68 trillion won, even as sales fell 3.4 percent to 45 trillion won during the period.
- Favorable exchange rates and strong demand for hybrid cars helped offset production disruptions from labor strikes, which caused domestic sales to fall 27.2 percent to 131,468 vehicles.
- The company sold 167,414 hybrid cars, an increase of about 6,000 vehicles from last year, while total electrified vehicle sales, including EVs and plug-in hybrids, fell 2.7 percent to 245,540 vehicles.
- Hyundai Motor lowered its full-year operating profit-to-sales ratio target to between 5.5 percent and 6.5 percent, while cutting annual sales target to 4 million vehicles from 4.16 million.
- Despite geopolitical tensions and United States tariffs expected to persist, Hyundai Motor reaffirmed its commitment to shareholder returns by setting a third-quarter dividend of 2,500 won per share, payable Dec. 30.
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25 Articles
25 Articles
Profits rise, sales slow
·Belgrade, Serbia
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Hyundai Profit Beats Estimates on North America, India Growth
·New York, United States
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Hyundai Motor reports 5.5% rise in Q3 operating profit, beats forecasts
·London, United Kingdom
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Total News Sources25
Leaning Left1Leaning Right5Center5Last UpdatedBias Distribution46% Center, 45% Right
Bias Distribution
- 46% of the sources are Center, 45% of the sources lean Right
46% Center
C 46%
R 45%
Factuality
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