Hyundai Motor to ramp up US output, trims profit margin goal on tariff hit

Hyundai Motor Group, a leading South Korean automaker, announced on Thursday its ambitious plan to produce over 80% of the vehicles it sells in the U.S. domestically by 2030. This strategic move comes in response to evolving U.S. tariff policies and aims to mitigate the financial impact of import duties. The company revealed this during its CEO Investor Day in New York, alongside revising its 2025 operating profit margin target downward to 6-7%, citing tariff-related challenges. However, Hyundai remains optimistic, projecting margins to rebound to 7-8% by 2027 and 8-9% by 2030.