Hyundai sees 10th consecutive profit drop

HyundaiMotor Co said Britain’s move to leave the EuropeanUnion and slumping emerging market economies are weighing on its outlook for the second half of the year after posting its 10th consecutive drop in quarterly profit. SouthKorea’s largest automaker expects unfavorable market conditions on Brexit-related uncertainties and a continued slowdown in emerging markets, Choi Byung-chul, Hyundai’s chief financial officer, said on a conference call.