Hyundai Q2 profit jumps 59% as chips crunch eases

genesis G90 5.jpg — Sales of the Genesis upscale brand helped to boost Hyundai profits. Shown is the Genesis G90 large sedan.

R

By:

Reuters

July 21, 2022 06:40 AM

SEOUL -- Hyundai Motor posted a rise of 59 percent in second-quarter profit as a weak won currency lifted the value of overseas earnings and demand stayed strong for the South Korean automaker's high-margin SUVs.

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