NOVEMBER 14, 2001
Hyundai doing well
THE Korean car company Hyundai, which has admitted to having ambitions in Formula 1, is doing remarkably well at the moment, despite the world's economic problems. Korea's largest automobile manufacturer. The company has done particularly well in the United States of America. The company has just announced third-quarter profits of $237.5m, more than double the figure achieved in the same period last year.
And the company says it expects to sell 15% more cars next year.