Filed under: Earnings/Financials,Hyundai,Kia
South Korea's Hyundai Motor Co said on Monday it swung to a net loss for July-September, missing market estimates by a wide margin, as costs related to engine quality issues and recalls smashed what would otherwise have been strong earnings. Hyundai, the world's fifth-biggest automaker when combined with affiliate Kia Motors Corp, reported a net loss of 336 billion won ($297.72 million). The years-long quality problems have cost Hyundai and Kia nearly $5 billion and left the pair subject to a
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Hyundai quality issues hammer quarterly profit report originally appeared on Autoblog on Mon, 26 Oct 2020 08:40:00 EDT. Please see our terms for use of feeds.
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