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Hyundai Warns of Risks to Growth as Profit Misses Estimate
- Carmaker says stagnant global demand will weigh on outlook
- Hyundai expects to minimize impact of potential Trump tariffs
Hyundai, which saw 7.7% growth in full-year sales, set a target of 3% to 4% for this year.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Hyundai Motor Co. warned of slowing growth as US President Donald Trump’s tariff threats and a turbulent domestic political landscape hurt the South Korean automaker’s sales outlook.
The company aims to sell 4.17 million cars this year, just 0.1% more than in 2024, as a raft of global uncertainties weighs on demand, Hyundai said Thursday. The world’s third-largest carmaker, which saw 7.7% growth in full-year sales last year, set a target of 3% to 4% for 2025.