SEOUL – Hyundai Motor's first-quarter operating profit fell slightly from the same period a year ago due to muted growth in the global electric vehicle market as hybrid cars gain more favor with consumers.
The automaker, the world's third-biggest in tandem with smaller affiliate Kia, said on Thursday its operating profit came in at 3.6 trillion won ($2.6 billion) in the three months to March, down 2.3% year-on-year . Its sales rose 7.6% to 40.7 trillion won over the same period.
