Hyundai posts a $650 million profit in the second quarter! Does the Genesis has something to do with it?

Despite the global crisis and sluggish sales, Hyundai Motor Company still managed to record a $650 million profit in the second quarter of 2009. Contributing to its success is the weaker won currency and government stimulus packages around the world.

Hyundai exceeded expectations by analysts who only estimated half of the figure. For 2009, Hyundai expects sales to rise by eight percent, and its U.S. market share to grow even further.
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1dott8 - 7/24/2009 7:36:53 PM

+1 Boost

plus, it's good looking.

sector - 7/24/2009 10:15:57 PM

+4 Boost

Bring on the Equus! it's your time now Hyundai!!!

acronis - 7/25/2009 1:45:29 AM

+5 Boost

Also don't forget that Hyundai sales have doubled in China.

rxh8me9000 - 7/25/2009 3:23:07 AM

+4 Boost

Its crazy how two years ago Hyundai meant nothing to most of the automotive world.Now,they're almost a threat to most of the automotive world. All eyes on Hyundai.Congrats.

Agent63 - 7/25/2009 6:20:22 AM

+3 Boost

That's great news. Hopefully the Equus continues the Hyundai success in the luxury segment. Profit is proof that their selling and no one can take that away from them. While it's only the second quarter, any company that has gains is impressive, especially in this harsh economic time.

SteedPub - 7/25/2009 2:32:31 PM

+2 Boost

Everything Hyundai has done has contributed to this. It is not just one model, but the entire package.

EL34 - 7/26/2009 10:31:20 PM

-1 Boost

Boring looking cars for boring people.

Their sales will fizzle out.

PerformanceGuy - 7/27/2009 1:17:55 PM

0 Boost

Not sure why people are surprised. The country is in a major recession. In recessions, people cut back and buy lesser quality products. They buy what they need, not what they want. This can be explained that since the recession started, Spam has out sold steak, not because people prefer Spam, but because it is cheaper. Once the economy comes back, people will more than likely buy what they want.