Hyundai Motor reported on July 24 that its operating profit fell sharply in the second quarter, as newly reimposed U.S. tariffs undercut robust sales and revenue growth. The South Korean carmaker posted revenue of 48.

Hyundai Motor Co., South Korea's leading automaker, said Thursday its second-quarter net profit fell 22.1 percent from a year earlier, impacted by newly imposed U.S. import tariffs that took effect in April.