Hyundai Motor Company, said in April, June earnings fell, weak domestic car sales weakened its brisk overseas performance.
The results showed on Thursday, net income was down 1% from last year's 2.5 trillion won (about $ 220 million), and even sales grew 6% to 23.2 trillion won (U.S. $ 20.8 bn).
Elantra manufacturers have been trying to overcome the violent relationship between the trade unions. It said that trade unions refuse to work overtime and holidays sunken car production.
Domestic production of vehicles exported during the quarter fell 10%, while overseas production car sales grew by 24%.
Company gave a grim outlook, China's economic slowdown rest of the year and the end of the stimulus in the United States is likely to depress demand.
 



Other News:
Hyundai's 2Q profit down on lower SKorean sales
Spain's financial crisis gobbling up top eateries
House GOP, Democrats clash over immigration
IRS pursuing 'stateless income' tax enforcement: official
Brighter US economic outlook boosts hiring
DuPont reports drop in 2Q earnings
Asian stocks mixed after Japan election
Telefonica to buy Germany's E-Plus from KPN