Around the Net

Hyundai Passes Honda, Stalled By Supply Issues

Hyundai Motor boosted profit by 46% for the quarter, winning sales from Japanese rivals, whose production shortfalls from the earthquake last month has production on chocks. Hyundai saw net income increase to $1.75 billion in the three months ending March 31. The automaker's global vehicle sales rose 9% last quarter versus the year-ago period, as it rolled out new vehicles like the Grandeur premium sedan in South Korea and the Accent small car in China. By contrast, Honda fourth-quarter profit missed analysts' estimates as its net income plunged 38% for the three months that ended March 31.

Read the whole story at The Detroit News »

Next story loading loading..