Hyundai Motor profit seen down a fifth on steel, won

Newswire

By Kim Kyoung-wha SEOUL, July 25 (Reuters) - Hyundai Motor Co. , South Korea's biggest carmaker, may report on Thursday that its quarterly earnings fell about a fifth, hit by higher steel costs and a stronger won currency. But brisk sales of its new high-end TG Grandeur sedan, improved car pricing, as well as more stable raw material costs and an easing won should bolster the second-half outlook, analysts said. Reflecting optimism for a strong upturn in domestic sales, shares in ...

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