Hyundai sees Q1 profits fall

Hyundai’s first quarter profits fell 10.2% to 307.4bn won (£165m) compared to 342.39bn won (£185m) over the same period a year ago.

The South Korean manufacturer said sales fell by 2.6% to 6.684 trillion won during the first quarter, although it expects to see sales improve later this year on increased demand in its home market.