Hyundai Motor Stock Slips Despite $580 Million Treasury Share Cancellation

Hyundai Motor's headquarters in Seocho-gu, Seoul. Hyundai Motor Co. reaffirmed its commitment to its existing shareholder return policy despite mounting external uncertainties and greater earnings volatility. At its 2026 CEO Investor Day, or CID, held on Aug. 26, the company said it would cancel about 800 billion won, or approximately $580.17 million, worth of treasury shares this year and…