Despite the global crisis and sluggish sales, Hyundai Motor Company still managed to record a $650 million profit in the second quarter of 2009. Contributing to its success is the weaker won currency and government stimulus packages around the world.
Hyundai exceeded expectations by analysts who only estimated half of the figure. For 2009, Hyundai expects sales to rise by eight percent, and its U.S. market share to grow even further.
Read Article