Hyundai Motor Q1 profit seen dipping on currency, costs

Newswire

By Kim Kyoung-wha SEOUL, April 25 (Reuters) - Hyundai Motor Co. , South Korea's top auto maker, is expected to report a 21 percent drop in quarterly profits on Thursday, pinched by a stronger won, higher steel prices and a sluggish local economy. The current second-quarter outlook for Hyundai, which is aiming to be among the world's top five auto makers by 2010, looks little better as the company is due for wage talks with its powerful 40,000 strong union. Big pay rises could dent ...

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