Hyundai Hopes to Avoid Toyota TrapMoon Ihlwan
Since the start of the Great Recession, Hyundai Motor (005830:KS) has been a standout in taking advantage of the hardships of other automakers. The South Korean company has increased its global market share significantly, to 5.2% last year from 4.3% in 2008, as titans such as General Motors and Chrysler fought to get life support from taxpayers. Moreover, a weak Korean currency gave Hyundai a windfall profit that enabled it to spend heavily to promote its vehicles.
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