logo
Hyundai, Kia Face $5 Billion Hit From US-Korea Auto Tariff Deal

Hyundai, Kia Face $5 Billion Hit From US-Korea Auto Tariff Deal

Bloomberg31-07-2025
Hyundai Motor Co. and affiliate Kia Corp. could face as much as $5 billion in additional costs this year under a new trade agreement between the US and South Korea that imposes a 15% import tariff on automobiles.
While the South Korean auto industry avoided a worst-case 25% levy, the new duties are equivalent to 25% to 30% of Hyundai and Kia's 2024 earnings before interest and taxes, according to Bloomberg Intelligence analyst Joanna Chen.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

GitLab To Announce Second Quarter Fiscal 2026 Financial Results
GitLab To Announce Second Quarter Fiscal 2026 Financial Results

Yahoo

time22 minutes ago

  • Yahoo

GitLab To Announce Second Quarter Fiscal 2026 Financial Results

SAN FRANCISCO, August 20, 2025--(BUSINESS WIRE)--All Remote - GitLab Inc., (NASDAQ: GTLB), the most comprehensive, intelligent DevSecOps platform, today announced that it will report its financial results for the second quarter of fiscal year 2026, which ended July 31, 2025, after U.S. markets close on Wednesday, September 3, 2025. Management will host a conference call and webcast on the same day to discuss the company's financial results at 4:30 p.m. ET / 1:30 p.m. PT. GitLab Second Quarter Fiscal 2026 Financial Results Conference Call and Webcast When: Wednesday, September 3, 2025 Time: 4:30 p.m. ET / 1:30 p.m. PT Earnings Call Registration Replay: A webcast replay of the conference call will be available on the investor relations website for one year. GitLab uses its Investor Relations website and its X feed (@gitlab), among other channels, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. About GitLab Inc. GitLab is the most comprehensive, intelligent DevSecOps platform for software innovation. GitLab enables organizations to increase developer productivity, improve operational efficiency, reduce security and compliance risk, and accelerate digital transformation. More than 50 million registered users and more than 50% of the Fortune 100 trust GitLab to ship better, more secure software faster. View source version on Contacts Media Contact:Lisa Boughnerpress@ Investor Contact:Cassidy Fuller-Pattersonir@

REV Group to Release Third Quarter 2025 Earnings on Wednesday, September 3, 2025
REV Group to Release Third Quarter 2025 Earnings on Wednesday, September 3, 2025

Yahoo

time22 minutes ago

  • Yahoo

REV Group to Release Third Quarter 2025 Earnings on Wednesday, September 3, 2025

BROOKFIELD, Wis., August 20, 2025--(BUSINESS WIRE)--REV Group, Inc. (NYSE: REVG), today announced that it is planning to release its third quarter fiscal 2025 results before the market open on Wednesday, September 3, 2025. The results will be discussed during a live webcast later that morning on September 3, 2025, beginning at 10:00 a.m. ET. To access the webcast, investors should go to at least 15 minutes prior to the event. Slides for the webcast will be available on the website before the start of the call. The conference call can also be accessed by dialing 1-877-407-9208 (domestic) or 1-201-493-6784 (international) and asking for the REV Group Third Quarter Fiscal 2025 Earnings Conference Call. A telephonic replay will be available approximately three hours after the call and can be accessed by dialing 1-844-512-2921, or for international callers 1-412-317-6671, and providing the passcode 13755564. The telephonic replay will be available until 11:59 pm (Eastern Time) on September 17, 2025. About REV Group, Inc. REV Group® companies are leading designers and manufacturers of specialty vehicles and related aftermarket parts and services, which serve a diversified customer base, primarily in the United States, through two segments: Specialty Vehicles and Recreational Vehicles. The Specialty Vehicles Segment provides customized vehicle solutions for applications, including essential needs for public services (ambulances and fire apparatus,) and commercial infrastructure (terminal trucks and industrial sweepers). REV Group's Recreational Vehicle Segment manufactures a variety of RVs from Class B vans to Class A motorhomes. REV Group's portfolio is made up of well-established principal vehicle brands, including many of the most recognizable names within their industry. Several of REV Group's brands pioneered their specialty vehicle product categories and date back more than 50 years. REV Group trades on the NYSE under the symbol REVG. Investors-REVG View source version on Contacts Drew KonopVP, Investor Relations & Corporate DevelopmentEmail: investors@ Phone: 1-888-738-4037 (1-888-REVG-037) Sign in to access your portfolio

Primo Brands to Participate in a Virtual Fireside Chat at the Barclays 18th Annual Global Consumer Staples Conference
Primo Brands to Participate in a Virtual Fireside Chat at the Barclays 18th Annual Global Consumer Staples Conference

Yahoo

time22 minutes ago

  • Yahoo

Primo Brands to Participate in a Virtual Fireside Chat at the Barclays 18th Annual Global Consumer Staples Conference

TAMPA, Fla. and STAMFORD, Conn., Aug. 20, 2025 /PRNewswire/ -- Primo Brands Corporation (NYSE: PRMB) ("Primo Brands" or the "Company") today announced that Chief Executive Officer Robbert Rietbroek and Chief Financial Officer David Hass will participate in a virtual fireside chat with Barclays on Thursday, September 4, 2025. The presentation, which will begin at approximately 7:30 a.m. Eastern Time, will be webcast through the investor relations section of Primo Brands' website at and will be archived for replay following the event. For purposes of public disclosure, including this and future similar events, Primo Brands uses the investor relations section of its website as the primary channel for publishing key information to its investors, some of which may contain material and previously non-public information. ABOUT PRIMO BRANDSTM Primo Brands is a leading North American branded beverage company focused on healthy hydration, delivering responsibly sourced diversified offerings across products, formats, channels, price points, and consumer occasions, distributed in every U.S. state and Canada. Primo Brands has a comprehensive portfolio of highly recognizable and conveniently packaged branded water and beverages that reach consumers whenever, wherever, and however they hydrate through distribution across retail outlets, away from home such as hotels and hospitals, and food service accounts, as well as direct delivery to homes and businesses. These brands include established "billion-dollar brands" Poland Spring® and Pure Life®, premium brands like Saratoga® and Mountain Valley®, regional leaders such as Arrowhead®, Deer Park®, Ice Mountain®, Ozarka®, and Zephyrhills®, purified brands including Primo Water® and Sparkletts®, and flavored and enhanced brands like Splash Refresher™ and AC+ION®. Primo Brands also has an industry-leading line-up of innovative water dispensers, which create consumer connectivity through recurring water purchases. Primo Brands operates a vertically integrated coast-to-coast network that distributes its brands to more than 200,000 retail outlets, as well as directly reaching consumers through its Direct Delivery, Exchange and Refill offerings. Through Direct Delivery, Primo Brands delivers responsibly sourced hydration solutions direct to home and business customers. Through its Exchange business, consumers can visit approximately 26,500 retail locations and purchase a pre-filled, multi-use bottle of water that can be exchanged after use for a discount on the next purchase. Through its Refill business, consumers have the option to refill empty multi-use bottles at approximately 23,500 self-service refill stations. Primo Brands also offers water filtration units for home and business customers across North America. Primo Brands is a leader in reusable beverage packaging, helping to reduce waste through its multi-serve bottles and innovative brand packaging portfolio, which includes recycled plastic, aluminum, and glass. Primo Brands has a portfolio of over 80 springs and actively manages water resources to help assure a steady supply of quality, safe drinking water today and in the future. Primo Brands also helps conserve over 28,000 acres of land across the U.S. and Canada. Primo Brands is proud to partner with the International Bottled Water Association ("IBWA") in North America, which supports strict adherence to safety, quality, sanitation, and regulatory standards for the benefit of consumer protection. Primo Brands is committed to supporting the communities it serves, investing in local and national programs and delivering hydration solutions following natural disasters and other local community challenges. Primo Brands employs more than 12,000 associates with dual headquarters in Tampa, Florida, and Stamford, Connecticut. For more information, please visit View original content to download multimedia: SOURCE Primo Water Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store