Hyundai income soared 35% due to sales in China and US - News - Dukascopy Bank

Thu, 26 Jan 2012 08:30:27 GMT
Source: BBC
 
© Scanpix/New York Times
Hyundai Motors reported 38% increase in profits for Q4 as sales in the foreign and domestic markets jumped. Net income attained 1.8 billion US Dollars in the Q4. The company has mostly benefited from production cuts in Japan and weak Won. However, experts predict increased competition in the car market as Toyota and Honda start to recover.

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