Monday, July 25, 2016

Hyundai Motor Q2 net profit slips 2.6 pct in 10th straight quarterly drop

SEOUL, July 26 (Reuters) - South Korean automaker Hyundai

Motor said on Tuesday its second-quarter net profit

fell 3 percent, its 10th straight quarterly drop, as it soaked

up stiff competition and shrinking demand for its mainstay

sedans in the United States and at home.

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