Hyundai's Q1 profit down 21% on China tensions, US recall

Seoul

SOUTH Korea's Hyundai Motor posted a 21 per cent fall in quarterly net profit, dragged down by a US recall and sales declines in China stemming from political tensions.

Hyundai's 13th consecutive year-on-year fall in quarterly net profit underscores the fresh challenges that the former industry outperformer faces. It is struggling to win consumers over with a sedan-heavy line-up in a world where sport utility vehicles (SUVs) are the hot sellers.