Kia reports $570 million hit from U.S. tariffs in second quarter

Published 25/07/2025, 09:18
Kia reports $570 million hit from U.S. tariffs in second quarter

Investing.com -- South Korean automaker Kia Corp reported a 786 billion won ($570 million) impact from U.S. tariffs during the April to June period.

The company’s operating profit fell 24% to 2.76 trillion won in the second quarter compared to the same period last year.

Despite the tariff challenges, Kia managed to increase its U.S. sales by 5% as consumers accelerated vehicle purchases amid concerns that U.S. tariffs would result in higher prices. The company also saw strong sales of its new Carnival (NYSE:CCL) hybrid sport utility vehicles during the quarter.

Kia, which ranks as the world’s third-largest automaker together with its affiliate Hyundai Motor (OTC:HYMTF), saw its shares close 0.9% lower on Friday.

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