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Hyundai Motors outshined its global rivals by reporting a record quarterly profit, as a weak won helped overseas sales and government incentives boosted domestic demand.
The sports car maker's chairman accused VW of blackmail as he claimed Europe's biggest carmaker was exerting pressure to reach an agreement between the German groups.
General Motors Corp said on Tuesday that former chairman and chief executive of AT&T Inc Edward Whitacre will become chairman of the restructured automaker later this summer.
General Motors and Canadian auto parts group Magna International have reached an agreement in principle that could rescue ailing German carmaker Opel, sources close to the negotiations said on Friday.