{"id":8085,"date":"2025-04-26T18:44:01","date_gmt":"2025-04-26T22:44:01","guid":{"rendered":"https:\/\/sharewatch.com\/wp\/2025\/04\/26\/hyundai-motor-launches-us-tariff-task-force\/"},"modified":"2025-04-26T18:44:01","modified_gmt":"2025-04-26T22:44:01","slug":"hyundai-motor-launches-us-tariff-task-force","status":"publish","type":"post","link":"https:\/\/sharewatch.com\/wp\/2025\/04\/26\/hyundai-motor-launches-us-tariff-task-force\/","title":{"rendered":"Hyundai Motor launches US tariff task force"},"content":{"rendered":"
\n

Hyundai said today it has launched a task force to respond to US tariffs and reaffirmed its annual earnings target after reporting a 2% rise in first-quarter operating profit.<\/p>\n

Hyundai and affiliate Kia, which together are the world’s third-biggest automaking group by sales, are particularly vulnerable to US tariffs.<\/p>\n

They generate about one-third of their global sales from the US market and imports account for roughly two-thirds of their US car sales, according to data from Korea Investment & Securities.<\/p>\n

“We expect a challenging business outlook to continue due to intensifying trade wars and other various unpredictable macroeconomic factors,” Hyundai said in a statement.<\/p>\n

The car maker said it launched a task force this month to minimise the tariff impact on its finances and to craft plans to increase local sourcing of car components in the US.<\/p>\n

Benefiting from a weaker South Korean won, Hyundai booked an operating profit of 3.6 trillion won ($2.5 billion) for January to March, in line with estimates.<\/p>\n

The weaker won contributed 601 billion won to its operating profit, offsetting the negative impact of increased sales incentives in the US and Europe and lower sales of higher-margin sport utility vehicles.<\/p>\n

Hyundai intends to boost production at its new Georgia factory, part of a $21 billion investment plan announced last month with US President Donald Trump at the White House.<\/p>\n

But any ramp-up in US production will take time and tariffs could cost the group billions of dollars.<\/p>\n

Its US vehicle sales to dealerships rose 1% in the first quarter, but retail sales jumped 11%, as consumers rushed to buy vehicles ahead of 25% car tariffs, which took effect on April 2.<\/p>\n

Trump also plans to impose tariffs of 25% on auto parts no later than May 3, which threaten to hike vehicle prices and cut car sales.<\/p>\n

Hyundai has said it plans to keep sticker prices on its current model lineup steady till June 2 and will manage prices flexibly afterwards.<\/p>\n

It kept its annual guidance provided in January of revenue growth of 3-4% and an operating profit margin of 7-8%.<\/p>\n<\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Hyundai said today it has launched a task force to respond to US tariffs and reaffirmed its annual earnings target after reporting a 2% rise in first-quarter operating profit. Hyundai and affiliate Kia, which together are the world’s third-biggest automaking group by sales, are particularly vulnerable to US tariffs. They generate about one-third of their […]<\/p>\n","protected":false},"author":1,"featured_media":8086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[19,20],"tags":[],"class_list":["post-8085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/8085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/comments?post=8085"}],"version-history":[{"count":0,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/8085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media\/8086"}],"wp:attachment":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media?parent=8085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/categories?post=8085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/tags?post=8085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}