RPT-Hyundai Motor Q2 profit seen down on rising costs

Newswire

(This is a repeat of an earlier story ahead of Hyundai Motor's earnings announcement on Thursday) By Kim Kyoung-wha SEOUL, July 27 (Reuters) - Hyundai Motor Co. , South Korea's biggest car maker, is poised to report a 14 percent fall in quarterly earnings on Thursday, hit by higher steel prices and heavy marketing costs, according to a Reuters survey. Analysts have warned that Hyundai's profitability may weaken further due to ballooning labour costs, wilting external demand for cars, ...

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