Hyundai - South Korea's Largest car maker is still on profits even when its weakest Quarterly profits were announced.
The Hyundai was one of the car manufacturing company which had continuous profits for more than 7 years down the line.
But because of the World's recession profits were not good. But still the company is performing better than the other Overseas competitors because of the weaker Local currency and Its renowned name in the Fuel Efficient cars segment.
In India, Hyundai didn't face any loss as its sales grew a few percent more.
In USA, the company has attained an increase in sales by 0.5% against overall industry sales which is decreased to 38%.
In China, the company expect to reach an excellent increase of 11% in sales
Most important thing happened in USA,
The company has buy-backed cars from the people who has lost their job within a year of purchase.
Hats Off!!! to Hyundai!!!
Cheers!!!
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