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

South Africa News News

Hyundai Motor and Kia say Q3 earnings to reflect $2 billion costs hit
South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

South Africa South Africa Latest News, South Africa South Africa Headlines



Render Time: 2025-01-10 14:04:16