Hyundai Motor s Q2 profit to draw attention amid chip shortage
Posted : 2021-05-27 07:51
Updated : 2021-05-27 16:15
Hyundai Motor and Kia, the country s two largest automakers under Hyundai Motor Group, enjoyed triple-digit gains in net profit in the first quarter. Korea Times file
By Yi Whan-woo
The second quarter earnings of Hyundai Motor and Kia are expected to serve as a barometer for the future of the domestic auto market which is reeling from the effects of the global chip shortage, industry sources said Wednesday.
The country s two major automakers under Hyundai Motor Group achieved earnings surprises in the first quarter despite the COVID-19 pandemic and the growing shortage of automotive semiconductors.
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