Latest Hybrid electric vehicle News & Updates

Seoul, April 23 (IANS) Hyundai Motor, South Korea’s top automaker, said on Thursday its first-quarter net profit dropped 23.6 percent on-year amid business environment headwinds involving U.S. tariffs and rising raw material costs.Net profit for the first three months of this year totalled 2.58 trillion won ($1.7 billion), down from 3.38 trillion won a year ago, the company said in a regulatory filing.Operating income for the January-March period fell 30.8 percent on-year to 2.51 trillion won, b…