Hyundai announces record profits

MONTGOMERY, AL (WBRC) - Hyundai, which operates a plant in Montgomery, is reporting record profits.

During the last three months of 2010 sales increased 48% for the carmaker. Hyundai earned $1.3 billion during the three months ending December 31st. Sales rose three percent, an all-time high.

The Hyundai plant in Montgomery is currently producing 2011 Elantras.

Copyright 2011 WBRC. All rights reserved.