Hyundai Motor (005380.KS) said on Thursday it aims to produce more than 80% of the vehicles it sells in the U.S. in America by 2030 in response to U.S. tariff policies, as the South Korean automaker ramps up capacity at its Georgia plant.
The automaker said in a statement it trimmed its 2025 operating profit margin target to 6-7% from a previously announced 7-8%, citing the impact of U.S. tariffs. The company said it still expects profit margins to improve to 7-8% by 2027 and 8-9% by 2030.
Source : Reuters