{
  "id": 17013846,
  "title": "Hyundai Motor reports 5.5% rise in Q3 operating profit, beats forecasts",
  "url": "https://urgent.news/2026/10/29/hyundai-motor-reports-5-5-rise-in-q3-operating-profit-beats-forecasts-17013846",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T05:15:40.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/hyundai-motor-reports-5-5-rise-q3-operating-profit-beats-forecasts"
  },
  "original_language": "en",
  "account": "Hyundai Motor reported a 5.5% increase in its operating profit for the third quarter, surpassing initial forecasts. The South Korean automaker achieved an operating profit of 2.7 trillion won ($2.01 billion) for the period between July and September, up from 2.5 trillion won in the same period last year. Analysts had predicted a profit of 2.4 trillion won. The boost was attributed to favorable exchange rates and a partial recovery from partial strikes and weaker sales of older models. However, the company has lowered its target for operating profit margin in 2026 to between 5.5% and 6.5%, down from the previous range of 6.3% to 7.3%, while also reducing its annual vehicle sales forecast to four million units from 4.16 million. The company also revised its capital expenditure plan for the year downward to 16 trillion won from 17.8 trillion won. Revenue for the quarter fell by 3.4% compared to the previous year, reaching 45.1 trillion won. Industry analysts noted that Hyundai faces growing competition from Chinese electric vehicle manufacturers in both South Korea and Europe, particularly with its limited lineup of affordable electric vehicles.",
  "summary": "Its operating profit for the July to September period is 2.7 trillion won",
  "key_points": [],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/17013846.png",
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Hyundai Motor reports 5.5% rise in Q3 operating profit, beats forecasts",
        "url": "https://urgent.news/2026/10/29/hyundai-motor-reports-5-5-rise-in-q3-operating-profit-beats-forecasts",
        "published": "2026-10-29T04:43:37.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Hyundai Motor’s Q3 operating profit beats estimates; shares rise",
        "url": "https://urgent.news/2026/10/29/hyundai-motors-q3-operating-profit-beats-estimates-shares-rise",
        "published": "2026-10-29T04:47:17.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Hyundai Motor reports 5.5% rise in Q3 operating profit, beats forecasts",
        "url": "https://urgent.news/2026/10/29/hyundai-motor-reports-5-5-rise-in-q3-operating-profit-beats-forecasts-17018582",
        "published": "2026-10-29T05:45:08.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Hyundai Motor's Q3 operating profit rises 5.5% despite external challenges",
        "url": "https://urgent.news/2026/10/29/hyundai-motors-q3-operating-profit-rises-5-5-despite-external",
        "published": "2026-10-29T06:12:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}