SEOUL, South Korea - Hyundai Motor Co. suffered a fall in third quarter profit versus the previous quarter after strikes dented vehicle production.
South Korea's largest automaker said net profit fell 15 per cent from the April-June quarter to 2.16 trillion won ($1.96 billion). The result matched forecasts and was a 13 per cent rise over a year earlier.
Its operating profit fell 18 per cent from the second quarter to 2.05 trillion won on revenue of 19.65 trillion won.
The maker of Avante cars blamed reduced output and lower demand in the South Korean market for the quarter to quarter fall.
Hyundai's labour union in South Korea staged walkouts in July and August. Hyundai estimated the labour union's refusal to work some regular and overnight shifts resulted in lost output of 82,000 vehicles worth $1.5 billion.