Hyundai Motor and Kia say Q3 earnings to reflect $2 billion costs hit

📆 2022/10/18 20:27:00
📰 ChannelNewsAsia

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SEOUL -Hyundai Motor and affiliate Kia Corp's third-quarter earnings will reflect provisions totalling a combined 2.9 trillion won ($2.04 billion), they said on Tuesday.The costs include provisions related to their Theta GDI engines, the South Korean automakers said in regulatory filings. Hyundai Moto

SEOUL -Hyundai Motor and affiliate Kia Corp's third-quarter earnings will reflect provisions totalling a combined 2.9 trillion won , they said on Tuesday.

The costs include provisions related to their Theta GDI engines, the South Korean automakers said in regulatory filings. Hyundai Motor said a provision of 1.36 trillion won will be reflected in its earnings while Kia flagged an earnings hit of 1.54 trillion won.

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