Hyundai bucked sluggish markets in Europe and China and boosted sales in the United States, driving quarterly net profit up by almost a third to $2.15 billion, its highest since changing accounting methods a year ago. The South Korean carmaker, which with affiliate Kia Motors is the world's fifth largest, said it expects to beat an aggressive sales target for Europe - of an increase of 15.4 percent to 465,000 vehicles this year - even though the market is seen falling 5 percent.
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