SEOUL -- Hyundai Motor said on Monday that its operating profit jumped more than 16% in the first quarter, year-on-year, as sales of electric vehicle models and the luxury Genesis helped it shrug off the impact of the war in Ukraine and suspended production in Russia.
Transportation
Hyundai's profit jumps 16% despite halting production in Russia
EVs, luxury models help South Korean automaker shrug off Ukraine war impact
Hyundai Motor has thus far seen no major impact on its business from Russia's invasion of Ukraine. © Reuters
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