On Thursday, South Korea’s Hyundai Motor Company posted Q3 profits of $826.2 million, more than three times its 2008 profits in the same quarter and an all-time quarterly high for the automaker. Given that the previous record of $680 million was set in Q2 of this year, it is clear that Hyundai, the world’s fifth-largest automaker, is riding a wave of massively increasing profits.

Originally posted here:
DailyFinance Recession