Hyundai Q4 profit slips as US discounts, emerging market slowdown bite

January 26, 2016 5:26 AM

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Hyundai Q4 profit slips as US discounts, emerging market slowdown bite

October-December net profit dropped to 1.63 trillion won ($1.36 billion) from 1.66 trillion won a year earlier, says the firm

Seoul: South Korea’s Hyundai Motor on Tuesday said profit fell for the eighth consecutive quarter, as it boosted discounts to revive US sales and auto demand stagnated in emerging markets.

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