Hyundai posted a drop in quarterly profit after labor strikes hurt domestic production and a stronger currency eroded repatriated earnings. Operating profit declined 29 percent to 1.07 trillion won ($943 million) while net income fell for an 11th consecutive quarter to its lowest level in more than four years.
Renault-Nissan CEO Carlos Ghosn is set to become chairman of Mitsubishi Motors when Nissan takes a controlling stake in the smaller automaker,
We'll send you the top news of the day each weekday afternoon.
Our in-depth authoritative automotive coverage and degree of access from the boardroom to the showroom makes Automotive News unrivaled in the industry. Chances are, if you're not subscribed to Automotive News, you're missing information that's vital to your business.
Sign up today to get the best of Automotive News delivered straight to your email inbox, free of charge. Choose your news - we'll deliver.
Entire contents © Crain Communications, Inc.
Use of editorial content without permission is strictly prohibited. All Rights Reserved.