koreatimes.co.kr

Hyundai AI Push Faces Investor Retreat and Earnings Pressure

Hyundai logoHyundai
Sig3.12Sen-5.48Env0.00Soc-1.46Gov-1.04

Foreign investors have cut their stake in Hyundai Motor from over 35% in January to about 24.42% as doubts persist about whether the automaker’s costly AI, robotics and autonomous driving bets will deliver profits. Tariffs from the US, rising costs and production disruptions have weakened results, with operating profit down 21% and the firm likely missing its 4.15 million vehicle sales target amid Korea labor strikes.

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