SEOUL/SHANGHAI -- Hyundai Motor posted record-high operating profit for the April-June quarter on strong performance in North America and South Korea, but sluggish sales in China reveal stark regional contrasts.
Automobiles
Hyundai Motor posts record profit despite slumping China sales
Flush with cash, automaker to expand in North America, Southeast Asia and India
Hyundai's new SUV is displayed at Auto Shanghai in April. The South Korean automaker is struggling in the Chinese market. (Photo by Tomoko Wakasugi)
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