Kia Motors Q2 Net Drops 53% on China Woes

SEOUL, July 27 (Korea Bizwire) – Kia Motors Corp. said Thursday its second-quarter net profit plunged 53 percent from a year earlier on weaker demand for its vehicles in China and the United States. For the three months that ended on June 30, net profit declined to 389.6 billion won (US$350 million) from 825.8 billion [...]