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Hyundai Motor's third-quarter operating profit rose 5.5% from a year earlier, even as sales volume fell over 11% due to domestic factory strikes and weaker global demand, according to the Korea Times and Dong-A Ilbo. The profit gain was driven by stronger sales of higher-value vehicles, especially hybrids, and favorable exchange rates from a weaker won. However, net profit fell 24.2% in the quarter, Yonhap reports, and Hyundai has lowered its annual sales and profitability targets and scaled back investment plans to address business uncertainty. HD Hyundai, the shipbuilding conglomerate, posted a 40% jump in net profit to 1.38 trillion won in the same period, per Yonhap and Korea Times.