South Korea's Hyundai Motor Co increased its quarterly net profit by 13 percent to $2 billion, as it squeezed overseas capacity to keep sales going despite damaging labor strikes at home, where it produces close to half the vehicles it sells worldwide. Hyundai, which with affiliate Kia Motors is the world's fifth-biggest car maker, said its total shipments rose less than 1 percent in July-September - hit by the industrial action that cost the company lost production of more than 82,000 cars worth $1.5 billion.
Hyundai started a new plant in China in June, and added a third shift at a U.S. factory last month, helping ease some of its capacity constraints.
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