Hyundai Motor flags gradual recovery after first-quarter profit fall, but China woes remain
(WorldNews South Korea)

By Hyunjoo Jin SEOUL (Reuters) - Hyundai Motor forecast a gradual earnings recovery after posting a smaller-than-expected 21 percent fall in quarterly profit as sales of higher-margin cars cushioned the impact of a U.S. recall and revenue decline in China. The forecast-beating earnings helped Hyundai shares rise 4.5 percent. The South Korean automaker`s shares have been under pressure recently due to concerns about...