Hyundai Motor third-quarter net profit dives 68 percent on U.S. recall costs

Hyundai Motor posted a 68 percent plunge in quarterly net profit, missing an analyst consensus by a large margin, as U.S. recall costs weighed. Third-quarter net profit came in at 269 billion won ($236.14 million), compared with 852 billion won booked in the same period a year earlier.

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Source:: Reuters – Business News