SEOUL — Hyundai Motor Co. on Thursday reported a 7-percent fall in third-quarter (Q3) operating profit, hurt by warranty costs for its Santa Fe SUVs and as a global slowdown in car demand weighed.
Hyundai Motor, which together with affiliate Kia Corp. is the world's third-biggest automaker by sales, reported operating profit of 3.6 trillion won ($2.6 billion) for July-September, compared with 3.8 trillion won in profit in the same period a year earlier.