Good Earnings -and Warnings — from VW, Hyundai

The Detroit Bureau - July 27, 2011

Both VW and Hyundai deliv­ered some sol­id 2nd Q sales fig­ures, but not enough to thrill investors. Hyundai earned about $2.3 bil­lion in the quar­ter, which was 10% bet­ter than a con­sen­sus fore­cast from lead­ing ana­lysts. VW earned $6.86 bil­lion in the same peri­od — about three times what it earned in the same quar­ter last year. Still, both com­pa­nies issued warn­ings about weath­er­ing volatile inter­est rates and raw mate­ri­als prices in com­ing months — which didn’t sit well with investors.