SEOUL -- Hyundai Motor swung back to the black for the first quarter but falling sales in China and North America suggest that the South Korean group is at risk of falling behind as the industry shifts to next-generation technologies.
Operating profit increased 21% on the year to 825 billion won ($713 million) for January through March, Hyundai reported Wednesday. The first profit increase since the October-December term of 2017 was "the fruit of our various efforts over the last few years," a senior executive said.
