-South Korea’s Hyundai Motor Co swung to a profit in the third quarter but slightly missed analysts’ estimates as the ongoing global chip shortage drove down shipments of vehicles.
In the same period a year earlier it posted a loss of 336 billion won when it was hit by a one-time expense related to engine quality issues and recalls.
The profit slightly missed an average analyst forecast of 1.4 trillion won compiled by Refinitiv SmartEstimate.