Hyundai Motor yesterday reported record first-quarter net profits from strong growth in US sales and a move to more up-market products, the Financial Times (FT) said.

The newspaper said Hyundai’s net profit more than doubled to 586.6 billion won ($458m) in the first quarter of 2001 from 276 billion won a year earlier.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

US sales rose by 27% to 98,866 in the first quarter, the FT said, which was nearly 25% of the 402,766 cars sold in all markets. Global Q1 sales were up 8.4% from a year ago, the newspaper added.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now