Kia Says US Tariffs Cost $2.3 Billion Last Year as Profit Drops

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Why This Matters

Kia Corp. reported a $2.3 billion loss due to US tariffs last year, and plans to introduce incentives to boost sales in a competitive market.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

Kia Corp. said US tariffs cost it 3.3 trillion won ($2.3 billion) last year and the South Korean automaker will roll out incentives to boost sales as competition intensifies.

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Original article published by Bloomberg on January 28, 2026.
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