Global Earnings | Hyundai Motor reports 21% drop in Q2 profit, misses forecasts

Hyundai Motor reported a significant profit drop in the second quarter. Weaker vehicle sales and production disruptions impacted the company's earnings. Higher costs and a competitive market also presented challenges for Hyundai. The automaker is investing in robotics and software-defined vehicles for future growth. Hyundai shares saw a slight increase following the earnings announcement.