[Hyundai Motor Conference Call] "3Q Quality Costs Estimated Conservatively... Apologies to Shareholders"
[Asia Economy Reporter Suyeon Woo] Hyundai Motor Company stated on the 26th during the 2020 Q3 earnings conference call, "We apologize for causing additional concern to our shareholders regarding the recurring quality cost issues that have persisted every third quarter since 2018," and added, "To minimize potential future concerns, we have conservatively estimated costs within a predictable range."
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Regarding the Q4 performance outlook, the company said, "Due to concerns over the global resurgence of COVID-19, uncertainties related to demand recovery are increasing, and the unfavorable exchange rate environment continues," and added, "In Q4, we will strive to improve profits, increase market share, and restore earnings based on the effect of new vehicle launches."
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