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We have a curated list of the most noteworthy news from all across the globe. With any subscription plan, you get access to exclusive articles that let you stay ahead of the curve.
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On 24 October 2024, Hyundai published its Q3 2024 report, which conveyed decidedly mixed results for the quarter. While revenue was up 4.7% year-on-year to KRW 42.9tr (US$31.1bn), operating profit and net profit stood at KRW 3.6tr and KRW 3.2tr—down 6.5% and 3%, respectively. The automaker claimed this financial drain was primarily driven by a “one-off” occurrence of “pre-emptive warranty extension provisions” for its Sante Fe models in the US, incurring KRW 320bn.
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