Hyundai Motor misses Q3 profit estimates as prolonged quality woes weigh

Topics Hyundai Motor

Hyundai Motor's quarterly net profit widely missed analyst estimates, after the South Korean automaker booked additional charges to address potential engine defects in the United States and its home market. Uncertainties linger about its long-standing quality issues, which have invited investigations from U.

S regulators and prosecutors after a whistleblower claimed in 2016 that Hyundai and affiliate Kia Motors should have recalled more vehicles over engines catching fire. The prolonged quality woes overshadow efforts by the automaker.

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