SEOUL -- Hyundai Motor said the global chip shortage was gradually easing as the South Korean automaker reported operating profit tripled in the second quarter from a year ago thanks to strong worldwide sales.
Hyundai said Thursday that its operating profit reached 1.9 trillion won ($1.7 billion) in the April to June period, up 219.5% from the same period last year, despite production stoppages at some factories due to chip shortages.
