Hyundai profit falls 21% on US tariffs, supply chain disruption

AutomobilesAutomaker confirms it is buying out SoftBank's stake in robotics startup Boston DynamicsA Hyundai Motor production line in South Korea. The automaker's output in the second quarter was hit by a fire at an engine valve supplier. (Nikkei montage/Source photos by Suzu Takahashi and Kotaro Hosokawa)KIM JAEWONJuly 23, 2026 18:46 JSTSEOUL -- Hyundai Motor's operating profit fell more than 20% in the second quarter of this year as it was hit by high U.S. tariffs and a fire at an engine valve supplier that hurt production of premium models.