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10-26-2020, 04:01 PM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Hyundai (https://www.autoblog.com/hyundai),Kia (https://www.autoblog.com/kia)
https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-uploaded-images/2020-08/d1f54380-dabc-11ea-8de7-1788d4d47389 South Korea's Hyundai Motor Co said on Monday it swung to a net loss for July-September, missing market estimates by a wide margin, as costs related to engine quality issues and recalls smashed what would otherwise have been strong earnings. Hyundai, the world's fifth-biggest automaker when combined with affiliate Kia Motors Corp, reported a net loss of 336 billion won ($297.72 million). The years-long quality problems have cost Hyundai and Kia nearly $5 billion and left the pair subject to a Continue reading Hyundai quality issues hammer quarterly profit report (https://www.autoblog.com/2020/10/26/hyundai-kia-loss-engine-quality-issues/)
Hyundai quality issues hammer quarterly profit report (https://www.autoblog.com/2020/10/26/hyundai-kia-loss-engine-quality-issues/) originally appeared on Autoblog (https://www.autoblog.com) on Mon, 26 Oct 2020 08:40:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/10/26/hyundai-kia-loss-engine-quality-issues/) | Email this (https://www.autoblog.com/forward/2273273/) | Comments (https://www.autoblog.com/2020/10/26/hyundai-kia-loss-engine-quality-issues/#comments)
More... (https://www.autoblog.com/2020/10/26/hyundai-kia-loss-engine-quality-issues/)
https://o.aolcdn.com/images/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-uploaded-images/2020-08/d1f54380-dabc-11ea-8de7-1788d4d47389 South Korea's Hyundai Motor Co said on Monday it swung to a net loss for July-September, missing market estimates by a wide margin, as costs related to engine quality issues and recalls smashed what would otherwise have been strong earnings. Hyundai, the world's fifth-biggest automaker when combined with affiliate Kia Motors Corp, reported a net loss of 336 billion won ($297.72 million). The years-long quality problems have cost Hyundai and Kia nearly $5 billion and left the pair subject to a Continue reading Hyundai quality issues hammer quarterly profit report (https://www.autoblog.com/2020/10/26/hyundai-kia-loss-engine-quality-issues/)
Hyundai quality issues hammer quarterly profit report (https://www.autoblog.com/2020/10/26/hyundai-kia-loss-engine-quality-issues/) originally appeared on Autoblog (https://www.autoblog.com) on Mon, 26 Oct 2020 08:40:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2020/10/26/hyundai-kia-loss-engine-quality-issues/) | Email this (https://www.autoblog.com/forward/2273273/) | Comments (https://www.autoblog.com/2020/10/26/hyundai-kia-loss-engine-quality-issues/#comments)
More... (https://www.autoblog.com/2020/10/26/hyundai-kia-loss-engine-quality-issues/)