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Report: Hyundai nearly quadruples profits in fourth quarter

by Chris Shunk (RSS feed) on Jan 29th, 2010 at 5:58PM

2009 was a tough year for nearly every automaker doing business in the U.S., but somehow Hyundai made the near total collapse of auto sales look like no big deal. Actually, we know how Hyundai pulled a Houdini-style miracle: Improved product and quality. And after taking a look at the Korean automaker's fourth quarter earnings report it appears that all that hard work paid off. The New York Times reports that Hyundai made 945 billion won ($819 million), nearly four times the 243 billion won ($210 million) it made in Q4 2008. Hyundai essentially matched the $845 million that it made in Q3... Read More

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