Hyundai Motor Q2 Profit Drops 1%

Hyundai Motor Co HYMLF reported a 1% drop in its second-quarter net profit. Hyundai Motor's quarterly net profit fell to 2.524 trillion won ($2.26 billion), from KRW2.548 trillion, in the year-ago period. Its sales came in at KRW23.2 trillion. Hyundai Motor sold around 1.22 million cars in the same period.