In the first three months, Hyundai Motor Group made an operating profit of 6.98 trillion won ($5.08 billion), higher than the 6.78 trillion won reported by the German carmaker, according to their earnings results.
Weakness against the US dollar and strong sales of high-end models in the US and other major markets helped boost Hyundai's operating income last quarter, Yonhap news agency reported.
Toyota Group, whose major affiliate is Toyota Motor Corp, made an operating profit of 9.8 trillion won in the January-March period.
The first three months are the fourth quarter of the 2023 fiscal year for the Japanese company.
Among the world's five largest carmakers, which include GM Group and the Renault-Nissan-Mitsubishi alliance, Hyundai Motor Group topped others in terms of operating profit margin in the January-March period, data showed.
Hyundai Motor Group's two major car-manufacturing subsidiaries
Toyota Group, with 10.4 percent, has 10 percent, GM Group has 8.7 percent, Volkswagen has 6.1 percent and the Renault-Nissan-Mitsubishi alliance has 4.3 percent.
Weakness against the US dollar and strong sales of high-end models in the US and other major markets helped boost Hyundai's operating income last quarter, Yonhap news agency reported.
Toyota Group, whose major affiliate is Toyota Motor Corp, made an operating profit of 9.8 trillion won in the January-March period.
The first three months are the fourth quarter of the 2023 fiscal year for the Japanese company.
Among the world's five largest carmakers, which include GM Group and the Renault-Nissan-Mitsubishi alliance, Hyundai Motor Group topped others in terms of operating profit margin in the January-March period, data showed.
Hyundai Motor Group's two major car-manufacturing subsidiaries
Toyota Group, with 10.4 percent, has 10 percent, GM Group has 8.7 percent, Volkswagen has 6.1 percent and the Renault-Nissan-Mitsubishi alliance has 4.3 percent.
