BMW and Hyundai Motor outperformed other domestic and foreign auto companies in terms of operating margin in the first half of 2012, a Korean auto research institute said.
According to the study conducted by the private Korea Automotive Research Institute, or KARI, BMW and Hyundai Motor vied closely with operating margins of 11.6% and 11.4%, respectively, the Korea Herald reported.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Kia Motors was third place with 9.6% followed by Volkswagen at 6.7%, General Motors at 5.2% and Toyota at 4.2%.
The KARI report also said that Hyundai and affiliate Kia’s operating profit rose by 21% and 25% year on year, respectively, beating US and European counterparts, with the exception of Japanese rivals which recovered rapidly from last year’s earthquake.
In contrast, the year on year operating profit at GM and struggling Renault Samsung fell drastically by 17.5% and 60.6%, respectively.
