Hyundai Motor's car sales drop by 39 percent

Hyundai Motor Co. reported a 39 percent drop in car sales, following weak demands in both South Korea and the United States. The automaker reported a drop in sales from 1.6 trillion won last year to 1 trillion won from its net profit in October through December. Hyundai still aims to sell 5.08 million cars in 2017, which is a 5 percent increase from 2016. The automaker also announced there plans to invest $3.1 billion in the U.S. for research and development following Trump's inauguration.