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Hyundai Motor Q1 operating profit surges 92% on strong demand

Automaker's outlook for current quarter faces headwinds from global chip shortage

Hyundai Motor is another automaker that has been affected by the global semiconductor shortage. (Photo by Tomoki Mera)

SEOUL -- Hyundai Motor said on Thursday that operating profit nearly doubled in the first quarter from the same period a year earlier thanks to strong vehicle demand, but it cautioned that the global chip shortage is casting significant uncertainty over the current April-to-June period.

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