Hyundai Motors Posts Record Profits The South Korean carmaker says profits in the fourth quarter nearly quadrupled from a year earlier. Hyundai — which also owns Kia — gained market share during the recession. Consumers turned to its smaller and lower priced cars — boosting not only profits but also Hyundai's image.
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Hyundai Motors Posts Record Profits

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Hyundai Motors Posts Record Profits

Hyundai Motors Posts Record Profits

Hyundai Motors Posts Record Profits

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  • <iframe src="https://www.npr.org/player/embed/123055599/123055564" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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The South Korean carmaker says profits in the fourth quarter nearly quadrupled from a year earlier. Hyundai — which also owns Kia — gained market share during the recession. Consumers turned to its smaller and lower priced cars — boosting not only profits but also Hyundai's image.

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ARI SHAPIRO, Host:

The news comes as a leading rival, Japanese carmaker Toyota struggles with financial losses and a massive recall of its most popular cars.

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