Hyundai Motor’s earnings marred by tariff impact
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Hyundai Motor reported a double-digit decline in operating profit for the first quarter of the year, as U.S.-imposed tariffs on imported vehicles continued to weigh on the Korean automaker's earnings, the company said in a regulatory filing Thursday. The carmaker's sales rose 3.4 percent to 45.94 trillion won ($31 billion) between January and March, compared to the same quarter last year, thanks to an increase in prices. Its operating profit, however, fell 30.8 percent to 2.51 trillion won durin
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