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Hyundai, Kia reflect W2.9 tril. provisions in Q3 earnings

Hyundai Motor and its affiliate Kia said Tuesday they reflected 2.9 trillion won ($2 billion) worth of provisions in their third-quarter earnings, a move that could weigh on their September quarter bottom lines. Hyundai and Kia put aside the provisions _ 1.36 trillion won and 1.54 trillion won, respectively _ to resolve additional complaints involving the Theta II gasoline direct injection (GDi) engine and offer other customer services, the companies said in separate regulatory filings.
United States Hyundai Motor Group Theta Hyundai Motor Group Courtesy Of Hyundai Motor Group Hyundai Motor Motor Group

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