Hyundai Motors has tripled its third quarter profit to a record 979.1 billion won ($US827 million).
This figure is more than three times the profit of 264.8 billion won a year ago.
The BBC reports the rise of the Korean automaker has been helped by an agressive marketing strategy and the weakness of the South Korean currency.
A refund guarantee for customers who later lose their jobs has attracted American customers and the Korean government has offered a 70% cut in taxes since May for people buying new cars.
Hyundai's success comes as the global industry struggles to emerge from an unprecedented downturn, that drove Chrysler and General Motors to bankruptcy.
On Wednesday, Peugeot Citroen, Europe's second-biggest carmaker, reported lower-than-forecast third-quarter sales.
And Russia's largest carmaker Avtovaz said it was to cut up to 27,600 jobs as it tries to cope with the global slump in demand.
The Nikkei business daily reported on Thursday that Honda is the only major Japanese car maker expected to post an operating profit in the first half of the year.