Hyundai Sells Over a Million Vehicles, Kia More than 630,000 in the First Quarter of 2012

Business is booming for South Korea's Hyundai Group that reported its first quarter results. The Hyundai brand sold an impressive 1,072,679 new vehicles worldwide (domestic: 154,800 / overseas: 917,879) in the first three months of 2012, up 16.7 percent from the same period a year earlier.

Hyundai Motor's net income climbed 30.6 percent to 2.45 trillion won (US$2.16 billion) in the first quarter, while its operating profit jumped 24.9 percent to 2.28 trillion won (US$2 billion).

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