SEOUL, June 12 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-largest automaker, said on Friday that it will invest 70 million euros (US$79 million) to expand its engine production facility in Slovakia. The affiliate of Hyundai Motor Group said it plans to complete the expansion of the engine production line at its plant in [...]
SEOUL, May 27 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-biggest carmaker by sales, said Wednesday it will suspend two domestic plants for several days next month due to lockdowns in major markets. Kia plans to suspend its No. 1 plant in Gwangmyeong, just south of Seoul, from June 1-2 and 8-9 and its [...]
SEOUL, May 14 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Thursday all of their overseas plants will be in operation next week amid signs of the coronavirus epidemic passing its peak. Currently, Kia’s plant in Mexico is the only overseas manufacturing facility which is still suspended to manage inventories. [...]
SEOUL, April 24 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-biggest carmaker by sales, said Friday its first-quarter net profit plunged 59 percent from a year earlier as the coronavirus outbreak affected its production and sales. Net profit for the January-March period fell to 265.97 billion won (US$215 million) from 649.1 billion won a [...]
SEOUL, April 14 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-biggest carmaker, announced Monday that it will offer its staff training facility in Yongin, Gyeonggi Province for treating coronavirus patients with mild symptoms. The Osan Education Center, established in 1994, comprises two buildings, an education center and a dormitory building, on 17,000 square meters [...]
SEOUL, April 13 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-biggest carmaker, is considering temporarily suspending some of its plants in the country later this month due to the fallout from the novel coronavirus pandemic, industry sources said Sunday. It is planning to halt operations of three factories — two in Gwangmyeong, south of [...]
SEOUL, April 12 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. are set to suffer a sharp decline in their first-quarter earnings due to a growing coronavirus impact on production and sales, data showed Sunday. Hyundai Motor is expected to post an operating profit of 700 billion won (US$577 million) for [...]
SEOUL, April 9 (Korea Bizwire) — Kia Motors Corp. said Thursday its flagship sport utility vehicle Telluride took the top World Car of the Year award for this year, with its Soul electric vehicle (EV) winning the World Urban Car category. At the New York International Auto Show streamed online on April 8 (local time), [...]
SEOUL, Feb. 17 (Korea Bizwire) — Kia Motors Corp. on Monday unveiled the design of the all-new Sorento SUV ahead of its domestic launch next month as it strives to boost SUV sales further. The fourth-generation SUV adopts a new design concept, Borderless Gesture, which is defined by a combination of the “strong design heritage” [...]
SEOUL, Feb. 4 (Korea Bizwire) — Hyundai Motor Co. and its sister company Kia Motors Corp. said Tuesday they have suspended some of their assembly lines here due to shortages of parts from China amid the spreading coronavirus outbreak. Hyundai Motor halted the assembly lines for the production of the carmaker’s independent brand Genesis’s sedan [...]