Hyundai Motor Q1 profit dips 12 percent on weakness in SUV segment
South Korea's Hyundai Motor posted its ninth straight quarterly profit drop as it trailed rivals in tapping soaring demand for sport utility vehicles in China, its biggest market. Hyundai's strength in smaller, fuel-efficient sedans helped the automaker outperform the industry during the global economic downturn, but has left it reeling from a consumer shift to gas-guzzling sport utility vehicles (SUVs) in recent years, driven by a slump in the price of oil. Hyundai Motor, the world's fifth-bigg
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