Hyundai Motor to ramp up US output, trims profit margin goal on tariff hit

SEOUL (Reuters) -Hyundai Motor said on Thursday it aims to produce more than 80% of the vehicles it sells in the U.S. in America by 2030 in response to U.S. tariff policies, as the South Korean automaker ramps up its capacity at its Georgia plant.

The automaker said in a statement ahead of its CEO Investor Day in New York later on Thursday that it trimmed its 2025 operating profit margin target to 6-7% from a previously announced 7-8%, citing the impact of U.S. tariffs. The company said it still expects profit margins to improve to 7-8% by 2027 and 8-9% by 2030.

(Reporting by Heekyong YangEditing by Ed Davies)