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.
Automobiles
Hyundai says chip crunch is easing as profits soar
South Korean automaker expects second-half boost as bottlenecks clear
The Hyundai Motor booth at the Beijing International Automotive Exhibition seen here in September 2020. Hyundai sells most of its cars overseas. © Reuters
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