Hyundai sees another forex boost while global volume slides

Hyundai Motor Company (HMC) saw its revenue shrink 3.4% year-on-year in the third quarter, to KRW 45.1tr (US$33.8bn), as unit wholesales fell 11.3% globally, with a 68.8% drop in China alone. The company may be on course for steep decline in that market; as players like BYD gain a foothold in Korea, HMC may also experience greater pressure domestically.