Kia Profits Climbs; Forges Ahead With U.S. Plant
By Michelle Krebs January 23, 2009Kia Motors, which is 39 percent owned by Hyundai, reported this week that its fourth-quarter profit nearly doubled due to the weak Korean won and the success of new models, especially in its home market.
Kia said it would proceed with its plan to start production of two to three models at its U.S. plant in Georgia in December, as planned. The automaker said it would launch four new models, increase small-car production and keep inventories in check this year.
LEAVE A COMMENT