Hyundai Motor revised its financial targets for 2025, citing pressure from tariffs. The company now expects an operating profit margin between 6% and 7%, down from a previous range of 7% to 8%. Revenue growth is forecast at 5% to 6%, two points higher than earlier projections, based on 2024 figures of 175.2 trillion won (US$12.7 billion).<\/p>\n\n\n\n
These updates came ahead of Hyundai\u2019s CEO investor day in New York \u2014 the first time the company hosted the event outside South Korea. Newly appointed CEO Jos\u00e9 Mu\u00f1oz led the meeting, presenting a vision for expansion despite short-term financial headwinds.<\/p>\n\n\n\n
Mu\u00f1oz called the U.S. Hyundai\u2019s \u201cengine of growth\u201d and outlined a $26 billion investment from 2025 to 2028 to strengthen U.S. manufacturing. The company aims to produce over 80% of its U.S. vehicle sales domestically by 2030, up from the current 40%. Plans include a new midsize pickup and a rugged SUV developed for American consumers.<\/p>\n\n\n\n
Hyundai expects to sell 5.55 million vehicles annually by 2030 \u2014 a 34% jump from last year\u2019s global total of 4.14 million units. The strategy focuses on localization, efficiency, and market-specific innovation to solidify its position as the world\u2019s third-largest automaker.<\/p>\n\n\n\n
The New York investor meeting came weeks after a major immigration raid at a battery plant jointly owned by Hyundai and LG Energy Solution in Georgia. U.S. authorities arrested 475 workers, including more than 300 South Koreans, over visa irregularities. Most have since returned to South Korea.<\/p>\n\n\n\n
Mu\u00f1oz confirmed that those detained were suppliers\u2019 employees, not Hyundai staff. He opened the event by expressing empathy for those affected and called for U.S.-Korea cooperation on short-term visa policies for specialized workers.<\/p>\n\n\n\n
Echoing comments from LG Energy Solution North America president Bob Lee, Mu\u00f1oz emphasized the need for streamlined business travel solutions. Both executives expressed cautious optimism that improved policies could prevent future disruptions.<\/p>\n\n\n\n
\u201cAs our executive chair said last week, we hope the U.S. and Korea can work on mutually beneficial solutions for short-term business travel,\u201d Mu\u00f1oz noted. The remarks aim to maintain positive relations while continuing to grow Hyundai\u2019s U.S. footprint.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Profit margin reduced amid tariff concerns Hyundai Motor revised its financial targets for 2025, citing pressure from tariffs. The company now expects an operating profit margin between 6% and 7%, down from a previous range of 7% to 8%. Revenue growth is forecast at 5% to 6%, two points higher than earlier projections, based on […]<\/p>\n","protected":false},"author":10772,"featured_media":12721,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":{"0":"post-12720","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"_links":{"self":[{"href":"https:\/\/globalgazette.us\/index.php?rest_route=\/wp\/v2\/posts\/12720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalgazette.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalgazette.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalgazette.us\/index.php?rest_route=\/wp\/v2\/users\/10772"}],"replies":[{"embeddable":true,"href":"https:\/\/globalgazette.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12720"}],"version-history":[{"count":1,"href":"https:\/\/globalgazette.us\/index.php?rest_route=\/wp\/v2\/posts\/12720\/revisions"}],"predecessor-version":[{"id":12722,"href":"https:\/\/globalgazette.us\/index.php?rest_route=\/wp\/v2\/posts\/12720\/revisions\/12722"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalgazette.us\/index.php?rest_route=\/wp\/v2\/media\/12721"}],"wp:attachment":[{"href":"https:\/\/globalgazette.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalgazette.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalgazette.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}