South Korean car manufacturer Hyundai Motor Co
posted higher-than-expected profits on Thursday, exceeding analysts'
expectations, despite the global economic downturn.
Hyundai sold nearly 3.2 million vehicles in the first three quarters.
South Korea's largest carmaker posted third-quarter net income that was up 13 per cent to 2.17 trillion won (2 billion dollars), from 1.92 trillion won a year earlier.
The company said it expected full-year sales to be higher than forecast at about 4.38 million units.
The company was in a particularly strong position in China, a spokeswoman said in Seoul. Chief financial officer Lee Won Hee said the forecast for sales in the neighbouring country for the year was projected to be in the range of 820,000-830,000 vehicles.
Last year, Hyundai sold just under 4.06 million vehicles - crossing the 4-million threshold for the first time.
Most Popular Stories
- Schedule packed with talent at the Fox
- Entrepreneurs Chase Social Media
- European Car Sales up First Time in 20 Months
- I never set out to be a role model but it's great to be one ; IN THE HOTSEATBetter known by his stage name Wretch 32, Jermaine Sinclair is a 28-year-old rapper from London. In 2011 his debut album Black and White sold over a million copies and scored three top five singles. His latest single Blackout was released this week
- Austin musicians point to a variety of reasons to appreciate McCartney
- Manila's Hollywood Week
- Promoter McLean 'provided more musical joy than Dylan and Prince combined'
- SINCE YOU ASKED [Pittsburgh Tribune-Review (PA)]
- Financial Times Twitter, Email Hacked
- The Blade, Toledo, Ohio, TK Barger column