Hyundai Motor reported on Friday that its exports to Europe and North Africa, which typically pass through the Middle East, are being disrupted due to the ongoing regional conflict, highlighting growing strains on global supply chains.

Hyundai Motor President Sung Kim cautioned that U.S. tariff pressure on South Korean automakers could intensify despite a recent U.S. Supreme Court ruling against universal tariffs.

Shares of Hyundai Motor surged nearly 15% on Wednesday to a record high, sharply outperforming South Korea’s benchmark KOSPI index, as investors speculated about a potential deepening of ties between the automaker and US chip giant Nvidia.

Hyundai Motor is recalling 51,587 vehicles in the United States due to a potential fire hazard caused by a short circuit in non-functioning trailer lights.

South Korea’s Hyundai Motor Co. reported a 29% drop in third-quarter operating profit on Thursday, citing the impact of U.S. tariffs on its vehicle exports.

Hyundai Motor’s battery plant in Georgia is facing a minimum startup delay of two to three months following a U.S. immigration raid last week, Hyundai CEO Jose Munoz said Thursday.

Hyundai Motor has issued a stark warning over the growing financial toll of U.S. tariffs, following a 16% year-on-year drop in second-quarter operating profit. The South Korean automaker reported on Thursday that tariffs cost the company more than $600 million in Q2 alone and predicted a larger impact in the coming quarter.

Hyundai Motor Company (OTC:HYMLF) reported a net profit of KRW 13.23 trillion in 2024, representing a 7.8% increase compared to the previous year, News.az reports citing Reuters.