Hyunai Motor Co. beat forecasts with a record quarterly profit as government incentives fueled strong global sales of its cheap, fuel-efficient models, setting the bar impossibly high for its struggling Japanese rivals.
Hyundai's tripling in third quarter net profit comes as the global industry struggles to emerge from an unprecedented downturn that drove Chrysler Group and General Motors Co. to bankruptcy.
Honda Motor Co. is the only major Japanese carmaker expected to post an operating profit in the fiscal first half, the Nikkei business daily reported today.
2010 Porsche 911 Turbo Photo Gallery
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The 2009 Frankfurt Motor Show gallery is sponsored by Lexus.
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