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Missile-defence crisis hits Hyundai as China sales plunge

The spate of bad news has analysts bearish on Hyundai's full-year performance. Net income is expected to fall 13% this year to 4.69 trillion won, according to the average of 28 analyst estimates. Hyundai and Kia are expected to sell a combined one million vehicles in China this year, a plunge of at least 40% from 2016.

Hong Kong

AT A factory in north-east China making Hyundai cars, employees aren't sure from one day to the next whether their workplace will be open. Chinese buyers are shunning the carmaker because of political tensions over a missile-defence system, with sales plunging 64 per cent in the...

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