23-April-2026
Corporate News
 
Hyundai Motor Posts Q1 Profit Drop, Warns Growing Business Headwind
23-Apr-2026

South Korea's Hyundai Motor on Thursday warned of growing business uncertainty due to the Middle East conflict after reporting a 31% drop in first-quarter operating profit. Its cautious outlook comes after the automaker said earlier this month that its exports to Europe and North Africa, which typically transit through the Middle East, were being disrupted by the conflict in the region, underscoring growing strains on global supply chains.

News Source:- https://money.usnews.com/investing/news/articles/2026-04-23/hyundai-motor-reports-31-drop-in-q1-operating-profit-meets-forecasts