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Automakers

Hyundai quarterly profit rises 57% on demand for crossovers, Genesis

Analysts expect Hyundai boost to its EV sales despite a recall of Kona Electric, pictured, due to fires.
Analysts expect Hyundai boost to its EV sales despite a recall of Kona Electric, pictured, due to fires. (Reuters/REUTERS)
R
By:
Reuters
January 26, 2021 07:47 AM

SEOUL -- Hyundai Motor said on Tuesday it expects sales in U.S. and China to surge this year, driven by the launch of new electric vehicles and crossovers, after reporting its best quarterly profit in more than three years.

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