Hyundai Has Genesis To Thank For Making Money In 2020
Not to mention SUVs. Hyundai Motor Group has just announced its fourth-quarter 2020 sales and, despite the ongoing pandemic, there's good news to report. Q4 profit increased by 5.1 percent compared to the same period in 2019. However, global sales volume dropped by 4.7 percent year over year. The South Korean automaker reported a net profit of $1.18 billion in Q4 2020. In 2019 that figure was about $730 million. Unfortunately, profit was set back by South Korea's strong currency against the dollar. But what's really impressive is that Q4 2020's profit increased by 57 percent thanks to demand ...