Hyundai Quarterly Sales Retreat for First Time in 3 Years

Newswire

SEOUL, Jan 23 (Reuters) - South Korea's Hyundai Motor posted its first year-on-year fall in quarterly revenue in nearly three years, as the stronger local currency weighed and imported rivals gained ground in the Korean home market. Hyundai posted a revenue of 21.94 trillion Korean won ($20.56 billion) in the October to December period, a 3 percent fall from a year earlier. This marked its first year-on-year sales fall since at least 2011 when new accounting methods were adopted. Its ...

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