Hyundai Q3 falls to five-year low as analysts warn problems likely to persist

Hyundai's third quarter (Q3) profit dropped to a five-year low, hit by China's slowing momentum and the continued significant declines in Russia and South America. The July-September period marked the seventh consecutive quarterly decline in profit for the OEM at Won 1.21tr (US$1.07bn), down from Won 1.62tr in the same period last year and short of the Won 1.52tr most analysts were predicting.