Hyundai Motor Co.’s quarterly net profit slumped 14 percent, missing estimates by a large margin, as the South Korean automaker continues to struggle with lackluster sales in its key markets, China and the United States.
On Wednesday, President Trump, easing the threat of a transatlantic trade war, agreed to refrain from imposing car tariffs with the European Union. It launched a Chinese version of its small SUV Kona after diplomatic ties normalized, but the recovery has been tepid with Hyundai’s share of the market dropping this year.
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