COMPANIES Hyundai Motor, South Korea’s biggest carmaker, is riding high in spite of the auto industry’s worst downturn in decades, aided by a weaker local currency and its strong presence in the more fuel-efficient compact car segment.
Shares in the carmaker rose more than 40 per cent in the first quarter, driven by resilient sales in major export markets such as the US and China, while Hyundai’s US and Japanese competitors struggle to cope with falling demand.
