Wednesday 24 October 2012

Foot off the gas? Investors fret over Hyundai's long-term growth

* Q3 net profit seen up 11 pct to $1.93 bln
* Analysts have cut Q3 forecasts since prolonged strikes
* Hyundai Sept sales gains in China, Europe, U.S.
* Growth in global shipments seen stalling at 7.6 pct next
year

By Hyunjoo Jin
SEOUL, Oct 25 (Reuters) - Hyundai Motor Co drove
up sales in France by 40 percent last month and had a record
September in the United States, but it has since had nearly $7
billion wiped off its market value as investors query the South
Korean autom

Source: http://feeds.reuters.com/~r/reuters/companyNews/~3/jlNAKHLp9rI/hyundai-earnings-idUSL3E8LN3LC20121024

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